A week ago, WLF submitted a letter to the editor to the Washington Examiner. With news continuing to break regarding government-sponsored loans to business, it is clear that scrutiny over government involvement in free enterprise – for better or worse – will only increase.
Whether it is government meddling in the market by picking winners and losers in a loan process or picking winners and losers through burdensome and unfair new regulation, the economy can simply no longer handle it. While more proof is hardly necessary, today another business leader confirmed what we already know: government regulations stifle economic growth.
Here’s the message from the Feds: don’t hire too many people or we will take you to court. Peter Schiff, the CEO of Euro Pacific Capital, explains how the government’s regulations led to the company being fined for hiring too many new brokers.