Saturday, June 4, 2016

Forbes Article: "Economic Forecast For A Libertarian President"

I'm amazed at the amount of mainstream press that Libertarian presidential candidates Governors Gary Johnson and William Weld are garnering. Here's a great recent example from Forbes which tries to predict the economic impact of a Gary Johnson administration: "Economic Forecast For A Libertarian President."

A few highlights:
  • You can read the whole article here."In the long run, the economy will be better off with market-oriented reforms. [...] But getting from here to there depends on how the public perceives the new president."
  • "Foreign military activity would certainly be reduced by a Libertarian president, making those defense cuts easier. But Congressional loyalty to military bases and defense contractors in their districts and states will prevent cuts from going too deep."
  • "A President Gary Johnson would veto quite often. He used this power 200 times in his first six months as governor of New Mexico, earning the nickname 'Governor Veto.'"
  • "Federal spending would fall under a Libertarian administration, but the president must spend appropriated money whether he wants to or not[.]"
You can read the whole article here.

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