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Economic Regulation: War Waged on the Citizenry

Law & Liberty
July 18, 2024
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Walker Wright in Law & Liberty outlines the correlation of centralized government with economic restrictions and a lower quality of life. He describes how governments that foster private ownership also facilitate overall prosperity and freedom, and how the opposite has been shown not only to impoverish society but cause multiple violations of human rights – and in extreme cases lead to mass death.

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As it began looking like Javier Milei might actually be elected President of Argentina, more than 100 leading international economists warned that this “far-right” political “wrecking ball” would “cause ‘devastation,’ spike inflation, expand poverty, and unemployment.” But as David Harsanyi relates in the Washington Examiner, Milei has tamed inflation, balanced the budget, shrunk the bureaucracy, deregulated the economy, driven down poverty and repaid billions in U.S. loans. And now, Harsanyi notes, Argentina is starting to boom.

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