Politicians Want to Fix the Economy. So Why Do They Keep Making It Worse?

Politicians want to fix the economy. So why do they keep making it worse?

"Central planning doesn't work because everybody has different ideas for themselves," says Ryan McMaken of the Mises Institute.

Hayek’s Warning We Ignored: Government Planning Doesn’t Fix Economies

Politicians say they can “make the economy work better.” I once believed they could. But years of reporting taught me that politicians’ attempts to “fix” the economy usually make things worse. Twenty years ago, Republicans and Democrats helped create the Great Recession by telling government-backed Fannie Mae and Freddie Mac to buy more peoples’ mortgages because, as President George W. Bush put it, “Owning a home is a part of (the American) dre…

Government Planning Doesn’t Fix Economies

Politicians say they can “fix” the economy. But economists Friedrich Hayek and Ludwig von Mises pointed out how government “fixes" lead to bigger problems. Ryan McMaken appears on Stossel TV.