New at Reason: John Stossel on Government the Job Killer

October 13, 2011

President Obama says government will have to build the nation out of the economic trough. John Stossel says that while we do need infrastructure, the beauty of leaving most of these things to the private sector—without subsidies, bailouts, and other privileges—is that they would have to be justified by the profit-and-loss test. In a truly free market, when private companies make bad choices, investors lose their own money. This tends to make them careful. When government spends on infrastructure, it takes money away from projects that consumers might think are more important.

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