Why the 'Unexpected' Keeps Happening
If an irresponsible teenager repeatedly crashed his car into a tree whenever he had a few beers, we would never say his accidents were “unexpected.” Rather, they would be foreseeable consequences of driving while drinking. Similarly, we shouldn’t let journalists get away with describing as “unexpected” the foreseeable negative consequences of bad government policies.
Blogger Glenn Reynolds recently highlighted numerous examples of the media’s increasingly frequent use of “unexpected” to describe bad economic news. Unemployment “unexpectedly” rose despite federal “stimulus.” Home sales “unexpectedly” fell despite taxpayer bailouts. ER visits unexpectedly rose in Massachusetts despite RomneyCare. Similarly, the Pundit Press blog has rounded-up dozens of examples of such “unexpected” developments since January 2011.
However, the fact that such government interventions necessarily stifle economic progress is not news. Volumes have been written on this topic. The “natural laboratories” of East Germany vs. West Germany, North Korea vs. South Korea, and communist China vs. Hong Kong amply illustrated the principle that whenever government forcibly thwarted people from furthering their happiness and their lives, the result was misery and death.
The same phenomenon can be observed in the natural laboratories within the United States. Economist Mark Perry has described how businesses are leaving California in "record numbers" for states like Texas that offer greater freedom from burdensome regulations. The Wall Street Journal recently reported that 37% of all net new American jobs since the recovery began were created in Texas.
Similarly, when the Mercatus Center released its 2011 Index of Economic and Personal Freedom ranking all 50 U.S. states, they noted two interesting facts. First, economic freedom correlated with income growth. Second, Americans “voted with their feet” and moved from states with less freedom to states with more freedom.
Ordinary Americans understand the link between freedom and prosperity. So why do so many well-educated journalists and pundits persist in describing the Obama administration’s foreseeable economic failures as “unexpected"?
Although some conspiracy theorists may believe this is a deliberate ploy by media and political elites to destroy America from within, the actual answer is worse. The problem is not a willful desire to destroy America but rather a willful blindness to the facts.
Article printed from PJ Media: https://pjmedia.com/
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