Prosperity comes from not polluting economics.  By that, I mean not intervening in the free market.  All legislation must be abolished that hampers the free exchange of private property.  Legislation that hampers private property allows the less industrious to compete with the more industrious.  Maybe even out compete them.  This causes us to live at a lower standard.  The masses are worse off.

Most legislation is thrust on the public in the name of “protecting the consumer.”  This implies that you’re too dumb to determine what’s best for you.  The overlords assume we’d select bad food and exploding electronics if legislation and regulation didn’t exist to protect us from ourselves.  These overlords, wittingly or unwittingly, support full government pollution of economics.  There is no stopping point.

Economics is further polluted by taxation.  Pollution doesn’t begin and end with legislation and regulation.  The main source of revenue is by making the thing you buy more expensive.  The money you earn is taxed and then the goods you buy with that money is taxed again.  There are half-baked ideas about a neutral tax or equality in tax.  This is absurd.  Any method of tax collection, there will always be tax consumers and tax producers.

Pollution is also secretive.  This comes in the form of inflation.  It has been said the power to tax is the power to destroy.   This is true, but inflation can destroy the economy secretly.  Inflation is a device for destroying the entire economy.  The state can’t tax enough as they’d like so they counterfeit the difference.  It’s not unique to one country or another.  This happens around the world.  Inflation is a weapon of mass destruction for the economy.

The economy is continually polluted by: legislation, regulation, taxation, and inflation.  The state can only encourage one area of production by curtailing another area.  Few benefit from this and they’re the ones who make the most noise.  The state can only spend what it first takes away.  It’s impossible that the standard of living can be raised.  These issues must be thought about.  Don’t blindly regurgitate what the propaganda army barfs.

Reference

Ludwig von Mises; Human Action