Christopher Westley (in 2001)

The government’s record of stewardship over the American economy is miserable. The business cycle is more pronounced, characterized by unsustainable booms followed by longer-lasting busts. College graduates entering the job market require twice the incomes that their parents did in order to maintain parity with them in real terms. The state’s approved currency loses value by the hour, while its spending and taxing schemes pit politically privileged groups against the unprivileged. Given this track record, anyone who continuously defends state interventionism on empirical grounds should be challenged.