In his first three weeks in office, President Joe Biden has shown Americans what his economic policy intentions are. In each area, his goal is generally to have a fairer distribution. Policies seeking those goals, however, follow principles that are the exact opposite of the principles that made America great.
In spite of some real and perceived social injustices, the U.S., miraculously, went from the birth of a nation to the largest, most prosperous economy in the world in under 150 years. Other countries were hundreds and in many cases thousands of years older.
There seem to be four basic principles that allowed that tremendous growth to happen.
New policies that follow these principles will lead to more prosperity. Policies that are based on principles that are the opposite will result in a stagnant economy with a possibly persistent inflation problem.
It is, then, in everyone’s best interest to continue