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By Thomas Lahey

Forum Columnist

“Economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics.” These words, written by economist Ludwig von Mises, seem terribly pertinent in light of recent developments in the United States. Congress extends its reach over the economy daily with every new regulatory measure it can think up. In today’s world, where problems are a dime a dozen, that means a lot of new legislation. Unfortunately, the question is never “Should the government do something?” but always, “What should the government do and how quickly?” This is a recipe for bad policy. Read the full story