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Tue, 29 Apr 2008

Mercantilism is not the key to job growth

Our new governor says that state government needs to do more to lower cost of doing business in New York:

To create a more conducive climate for business, the governor said New York must make doing business in the state cheaper by investing in infrastructure and reducing high energy and health care costs.

How the heck is he going to do that? By pressing the "lower energy costs" and "lower health care costs" buttons? He's a Democrat, and Democrats are historically unwilling to do what is actually needed to lower these costs: nothing. Government needs to get out of the way of creative resourceful people with ideas. Government has a positive role to play while getting out of the way: by ensuring that all relations between people are peaceful. But that's government's only role.

He goes on to say:

For his part, Gov. Paterson reiterated his commitment to belt-tightening and fiscal prudence. "Our economy is still reeling," the governor said. "When this storm hits, we can't simply do what Albany usually does: turn around and tax the first business or the first resident we see. Rather, we have to cut wasteful spending."

No, David, you need to cut all spending, not just the wasteful spending. You need to do less for us, you need to do less to us. You need to do less, period. Shut down department after department, and send the people home to get productive jobs. Most of what New York State does is either irrelevant or actively harmful.

posted at: 18:37 | path: /economics | permanent link to this entry

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