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Home Issue Index Issue: Bitcoin

Bitcoin

Pro/Con Articles

ECONOMIC POLICY AND FINANCIAL REGULATION:

Should the government play an active role in the economy? 

SUPPORTERS ARGUE

The government has a significant role to play in making sure that all members of society have the tools they need to compete in the economy. As a practical matter, government intervention can smooth bumps in the economic road, speed up recovery from recessions, and ease human suffering. Government efforts to fund major construction projects and public works can provide much-needed jobs and stimulate the economy. Strong regulatory oversight is essential to a healthy financial system.

OPPONENTS ARGUE

Government can best help the economy by enforcing contracts, keeping taxes and regulations to a minimum, and allowing a vigorous free market. When combating a recession, aggressive government interventions like jobs programs and extended unemployment insurance can be counterproductive and have unintended consequences. Market forces place more consistent and meaningful discipline on the financial system than government regulations.