“I think all the world would gain by setting commerce at perfect liberty.” – Thomas Jefferson (1785)
The socialistic, over regulation of the economy has the stifling effect on economic recovery and often leads to higher inflationary rates as is being experienced under the Biden Administration. It is better to set the economy to being regulated by the unseen hand of supply and demand for the most part and allowing the economy a much freer rein. Anyone who believes otherwise should review Adam Smith’s The Wealth of Nations. Neither Marxism nor the Frankfurt School set of theories are good for a healthy, vibrant economy.