“If government wishes to alleviate, rather than aggravate, a depression, its only valid course is laissez-faire-to leave the economy alone. Only if there is no interference, direct or threatened, with prices, wage rates, and business liquidation will the necessary adjustment proceed with smooth dispatch. Any propping up of shaky positions postpones liquidation and aggravates unsound conditions. Propping up wage rates creates mass unemployment, and bolstering prices perpetuates and creates unsold surpluses.”
– Murray Rothbard
The best thing government can do to reduce unemployment is get out of the way. This means repeal all minimum wage laws and salary caps. In addition, we must drastically reduce the regulatory burden placed on manufacturing, and create a business friendly atmosphere where investors are no longer afraid to start up new companies. If elected, I would start serious discussions on repealing several federal departments and agencies that serve as roadblocks to the entrepreneur. These would include the Department of Labor, the Department of Energy, the Department of Agriculture, and the Department of Commerce. We must also take a serious look at unemployment insurance and welfare reforms.
My opponents in this race claim that they are offering jobs. They are not promising you a job directly, but rather claiming that the proper use of a large centralized federal government and the multitude of agencies created by it, are the proper tools to create jobs. I reject that entire argument. First, the federal government does not have the constitutional authority to guide and direct the job market, and secondly, I am not smart enough to guide and direct the job market for 300 million people. No one is. Not even my opponents, despite what they claim.
I am part owner of a company that processes railroad crossties. We are currently building a processing plant in Missouri, with more processing plants slated to be built in the next few years, including one in Mississippi. Each of these plants will create 10-12 jobs in local job markets. I deal everyday with the obstacles our federal government has placed in front of me. I am acutely aware of how they choke out expansion and discourage risk. Remember, the “job creators” are the small business owners and manufactures around this state, not lawyers. We need more “job creators” in the federal government, and fewer lawyers.