American Elephants


Keeping the Government’s Hands Off Your Pocketbook! by The Elephant's Child

History Professor Burton Folsom of Hillsdale College explains carefully why government investments usually fail. Professor Folsom has demolished The Myth of the Robber Barons, Explained in New Deal or Raw Deal how FDR’s economic legacy has damaged America, and now with Uncle Sam Can’t Count: A History of Failed Government Investments from Beaver Pelts to Green Energy and in this short video for Prager University, he explains why Big New Ideas are better left to private entrepreneurs.

It’s a matter of incentives. When entrepreneurs invest their own hard earned money, they are careful and thrifty, I have not yet seen a bill for Obama’s investments in Big Ideas like Solyndra, Ivanpah, Solar City, and all the rest, and there’s the high-speed railroad to nowhere supposedly abuilding in California.

There are some lessons here to pay close attention to. Some presidents want to build monuments to themselves, and members of Congress are subject to the same temptations.


Leave a Comment so far
Leave a comment



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s



%d bloggers like this: