Neither the Democratic, nor Republican parties can be trusted with our economy.
George W. Bush’s presidency was characterized by massive spending, not only on unjust war, but also massive new farm subsidies, huge increases in education spending, and finally the disastrous Wall Street bailouts.
The Obama administration followed suit, with its endless fiscal “stimulus” and “stabilization” spending, bloated entitlement budgets, and an ever-rising national debt ceiling.
The failed policies of the Democrats and Republicans in Washington have lead us into a decade of economic stagnation, all the while still wasting money on endless war.
Where America has seen incredible progress is in those sectors of the economy that are least regulated, such as the technology sector.
With the new online sharing economy, and the exponential advances in our ability to conduct commerce electronically, we have already proven that great advances are made possible when government gets out of the way.
Libertarians want all members of society to have abundant opportunities to achieve economic success. A free and competitive market allocates resources in the most efficient manner. Each person has the right to offer goods and services to others on the free market. The only proper role of government in the economic realm is to protect property rights, adjudicate disputes, and provide a legal framework in which voluntary trade is protected. All efforts by government to redistribute wealth, or to control trade, are improper in a free society.
