Hillary Doesn't Understand Markets
Hillary Clinton recently said:
"There is no greater force for economic growth than free markets. But markets work best with rules that promote our values, protect our workers and give all people a chance to succeed."
No! Markets work best when the government (besides enforcing property rights) leaves them alone. Whenever the government tries to regulate markets to promote "values" or protect workers it reduces economic growth. Now many economists argue that its worth reducing economic growth to promote equality and fairness. But nearly all economists accept that when the government interferes in markets to promote equality it reduces wealth creation.
