Source: Garrison Center
by Thomas L Knapp
“As Thomas Sowell wrote in 2013, ‘sometimes it seems as if there are more solutions than problems. On closer scrutiny, it turns out that many of today’s problems are a result of yesterday’s solutions.’ Government perceives, or even creates a problem. In this case, the US government created the problem of high fuel prices with its war on Iran. Government intervenes in markets to ‘solve’ the problem. But that intervention creates new, different problems — usually while failing to solve the previous problems. And those new problems are addressed with yet more interventions. At every point in that never-ending loop, things get generally worse than they were before the latest intervention, and even in specific areas it’s usually hard to discern any improvement.” (09/27/26)