I have a high regard for Gary Becker's views, so here's a short para from Becker's blog post that caught my attention. I've learnt a new thing: that Obama is rapidly EXPANDING the welfare state!

I believe two other factors are also important (see my blog post “Why has the Recovery in Employment in the US been so Slow?” 5/6/12). One, stressed by Casey Mulligan, is the growth of many means-tested policies during this recession that encourage some workers to leave the labor force or look for part time work so that they can qualify for mortgage and other government-provided benefits. Of course, the government aid eased the burden of unemployment to the families that qualified for the benefits.

The other reason (see his blog post) is not really a reason (doesn't deal with the underlying causes of uncertainty) so I'll not post it here. And I don't understand the concept of "policy uncertainty" anyway. There is a basic analysis that is missing here. Sometimes even Gary's thoughts need to be taken with a pinch of salt. He should describe WHAT kind of policy is causing uncertainty.

Those of you who have read Aurthur Brooks's The Road to Freedom will recognise what is happening: Obama is destroying the MORAL FIBFRE of America. That's the policy problem in USA today.

Related posts:

1. The withering away of a bad idea: the welfare state
2. Mr Obama, stop talking about liberty while destroying it in USA
3. The end of the welfare state is nigh. Or is it?
4. China is rapidly outwitting USA – and the West; and converting India into its satellite state
5. Extreme individualism rebels against nature’s design of the human being
6. Let’s give Obama a run for his money
7. State funding of elections on the agenda? A great opportunity to fix corruption at it source
8. Arvind Kejriwal’s theory of the state #1
9. The (hand-picked) fools who advise Obama
10. First step in removal of corruption: State funding of elections