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Unformatted text preview: The foundations of economic freedom Dr. Scott A.Beaulier Economic Freedom Are we seeing a renewed commitment to economic freedom? It will be a good thing. MAYBE, BUT THE ERA OF BIG GOVERNMENT WILL PERSIST Unprecedented fiscal and monetary interventions Government is a market mover, and regulations are setting the terms for business The era of big government is far from over, and the Tea Party will at best slow down the growth of government. The deficits can become a debt if we spend more than we earn. By the time of 2003 we will have 45% of income. Consequently, Obama's budget would send federal debt to levels not seen since World War II. In 1945 caused the full mobilization of resources, that ended up into a great debt of the country. So, even with the Obama policy the deficits can not be worse than in the World War II. Federal spending is growing faster than federal revenue....
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- Spring '10