Managing The Economy Easier Said Than Done

Through the Drudge Report we get this: "Fed forced to consider fresh stimulus." The article outlines four or five possible courses of action that the Fed could take to "do something" to improve the economy.

I'm not going to take the time to go over each "something." Suffice it to say that any "something" the Fed does will only create another set of circumstances that requires it to do another "something" and another and another.

Economic theory and practice proves that a free market which is unhampered, i.e., free from any kind of governmental intervention whatsoever, most efficiently satisfies the desires of the consumer. The problem is that an unhampered free market does not produce success stories only. The process of serving the consumer takes it toll on producers that are not up to par. Thus, failure as well as success is the mark of an unhampered free market. And the problem with failure is that many self-important entrepreneurs do not suffer failure well. In fact, they don't accept it. They will bribe, cheat and steal in order to avoid failure. And plenty self-serving politicians are eager to accommodate them.

It's time the Fed and the federal government take their hands completely off of the economy. Allow the market to work...unhampered. Allow entrepreneurs to experience fantastic success and abject failure. As a consequence, consumers will be best served and prosperity will return to all Americans willing to pursue it.