“Returns” may not be the right word, in that it implies something positive. Government intervention usually produces only negatives. From MN Gordon at economicprism.com:
Government intervention into a nation’s economy is both foolish and destructive. But that doesn’t mean governments don’t meddle each and every day with the best – and worst – of intentions.
Taxes. Transfer payments. Subsidies. Tariffs. Deficit spending. Defense. Social programs. Vax mandates. Emission targets. You name it. The opportunities to intervene are vaster than the Pacific Ocean.
The United States government, like most governments in the 21st century, pursues them with relentless enthusiasm. But that’s not all. Many state and local governments also have a highly visible hand in the mix.
Over the years, layers and layers of interference by various federal, state, and local agencies have built up like grime on a kitchen window. The grease shines and smells of corruption and waste. The layers of government grime also ooze into every crack and crevice of the economy.
These days, for example, it’s impossible to carry out a simple private transaction with your barber or barista without some form of government interference. Has your barber obtained the required license and paid the obligatory fees to legally taper your neckline? Has your barista’s espresso bean grinder passed the state or county health inspection?
Is the hot cup of joe served in a paper cup of appropriate recycled material composition? Did the hot beverage exceed the legally accepted temperature standard? Did state and local governments receive their tax exaction upon payment?
