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Our government should be a fraction of the size it is now. Its girth is the result of electioneering politicians who promise the moon to gullible voters while using debt to push the costs onto our children and grandchildren.
Politicians can dream of guaranteed incomes and free medical care, but as economist Friedrich Hayek wrote in “The Fatal Conceit”: “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”
But saying that government can’t solve our problems is not to say that humanity cannot solve them. When people and markets are left free, we manage to prosper.
John Stossel is host of Stossel on the Fox Business Network. He's the author of Give Me a Break and of Myth, Lies, and Downright Stupidity.
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