Media outlets have reported yet another alarming result of the overregulated economy – the rise of new employees working as interns with no paycheck. So after borrowing tens of thousands of dollars to go to college, students now get to look forward to offering their services for free to get their “foot in the door.” This is another unintended consequence of corporate welfare, the suppression of small businesses through regulations, and minimum wage laws. If the government stopped trying to control the economy and let the small businesses compete freely with large corporations, there would be more jobs available at market prices for all people, and nobody would have to work for free.
In addition, right now there is so much uncertainty in the market that companies and people are treading lightly. We now have over 100 temporary tax breaks that need to be renewed yearly or every couple years. We need a tax code that is simple, stable, and predictable. The same can be said for our monetary system. The trillions of dollars Bernake loaned to governments and corporations all over the world will soon generate massive inflation. Massive inflation on top of high unemployment. The money needs to be returned, the Federal Reserve needs to be fully audited, and the currency needs to be backed by gold and silver.
The planners and their fiat money system have failed. They need not experiment any more with our lives.
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