I disagree with your disagreement, Sir. Article I, Section 8 of the Constitution enumerates the powers of Congress, which in many cases are indispensable to the operations of any government. Because Congress and its 535 members could not possibly handle all of these functions themselves, they delegated them to bureaucratic agencies. But perhaps you could devise a means of handing these functions over to the private sector without chaos ensuing. – DarylloydDavis
Lets take a look at how these responsibilities are being managed by government that private industry would be far better suited to perform:
To borrow money on the credit of the United States; – this is an abject failure since government borrows money recklessly to fund politically motivated activities at the expense of economic realities thereby bankrupting the nation to the tune of over $100 trillion in unfunded debt.
To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes – abject failure since government engages in protectionist policies to protect inefficient, greedy, corrupt politically connected firms from foreign competition.
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; abject failure since government prints money to fund enterprises and policies that otherwise would be rejected by the citizenry. INdeed, this responsibilty of government creates unstable cyclical markets and inflationary pressures on the most vulnerable in society
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States; – abject failure since government is the biggest most dangerous conterfeiter of currency. Indeed, they print and distribute ‘counterfeit’ notes to their friends in the banking industry in a quid pro quo schemes of pre-inflationary dollars for political bribes.
To establish Post Offices and Post Roads – laughable like most other endeavors government claims to perform for the benefit of the citizenry
This is due to their having to seek eventual re-election–to their fearing for their jobs at the hands of voters. And yet I have added even more fear to the lives of appointed bureaucrats; as they may now be voted out of their jobs every year, along with elected politicians. – DLD
My point is that all of this would be irrelevent if power was turned over to the citizenry in a voluntary and competitive free market. What I seek to achieve is to make government irrelevent in the economic arena by dramatically reducing the power of government to tax and regulate the economy. Hence, firms and individuals would no longer waste resources lobbying politicians who had no power – instead they would be forced to satisfy consumer preferences with increased productivity, quality, lower prices, et al.
It does very little more efficiently. But some things it does because the private market, with its private interests, would have no incentive to be fair to all–like investigating other businesses’ safety standards. Then there’s the military, law enforcement, infrastructure, etc. – DLD
"Fair’ is a subjective value judgment – it has nothing to do with economic reality. The only responsibility of a private sector firm is to make a profit. Indeed, many well intentioned actors seek to integrate their pet version of what is ‘fair’ into the marketplace thereby creating moral hazard that actually destroys societal wealth and dynamism.
You must remember that government is self-serving. It is a market for corrupt, inefficient, greedy and uncompetitive firms and special interest go to lobbying for favors that they couldn’t get in a free and voluntary market. Nothing ‘fair’ ever results from government intervention unless your bribe is the highest or your voting constituency is the most reliable irrespective of whether the policies that benefit these politically connected special interests actually benefit society as a whole.
since the Fed was created, the value of the dollar has declined 96%, thousands of banks have failed, and we have had scores of severe cylical downturns – all specific problems that this entity was created to address and correct!
since we have had a dept. of education, the costs per pupil have skyrocketed and outcomes have flatlined --all specific problems that this entity was created to address and correct!
Since we have had a dept. of energy, our dependence on foreign energy has spiked and energy costs have increased despite the discovery of vast reserves of domestic energy – all specific problems that this entity was created to address and correct!
the list goes on and on – indeed, I think I challenged you to name a federal department, agency or bureau that accomplished the task it was created to address and close up shop a success – and predictably you have not answered this challenge
And I believe you previously criticized a provision of mine for effectively ending most regulation by making regulators liable for their decisions. – DLD
the free market has a mechanism for punishing inefficient regulators for bad decisions – it is called bankruptcy. Moreover, consumers who are disappointed with government must endure this pain forever without a choice since government is a monopoly. IN contrast, consumers (regulators) in the free market can immediately punish unresponsive firms by never again patronizing them – hence they go out of business in short order if their transgressions are not isolated.
Indeed, within the free market everyone is 100% satisfied by their ‘votes’ otherwise they would not be voting (purchasing goods and services) – in contrast, politicians or bureaucrats are always the lesser of two or more evils and we only get to vote once every few years at the most.
In a direct democracy, where the People make the laws, lobbyists must convince them, not politicians, that this or that law must be passed. How do they bribe the voters? --DLD
What if the bottom 75% vote to plunder the wealth of the top 25% of income earners ? What provisions within your direct democracy prevent this from happening ?
Hence the bottom 75% have far greater voting power, nothing can stop them until society runs out of other people’s money.
Remember the flipside of giving a Treasury Secretary unique responsibility for government regulation of the money supply is that if the right one gets in there–like a Ron Paul–then he has the power to single-handedly make major changes in the system, shrinking it, reforming it, etc.-- DLD
and the flip side is that what if someone assumes power who is corrupt, inefficient, incompetent, et al ?
At some point you have to roll the dice. – DLD
In the free market, I dont have to roll the dice if I dont want to. INdeed, I can get what I want, when I want it, 100% of the time. If a favored vendor lets me down, I have several options – go somewhere else or open my own firm to fill the void.
But a treasury department is necessary, if funding government is necessary. And right now we’re all losing our shirt – DLD
The military would be given a budget based on GDP. INdeed, the greater the growth in GDP, the more wealth the nation retains and hence the greater the need to expand the defense since the country would be richer. IN contrast, a decline in GDP would represent a loss of value and hence less of a need to fund defense.
No dept or treasury is needed as a middle man to dispense funds.
Also, if these cabinet positions were responsible for reallocating vast sums of tax and regulatory favors – wouldnt that increase the incentives to bribe them ?