Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
About this quote
- What does it mean?
- Reagan critiques government economic policy as overly taxing, regulating, and subsidizing.
- In plain terms
- Government taxes everything, regulates movement, and pays things to stop.
- What can you take from it?
- Government economic policy often stifles activity.
Where it applies
Putting it to work
Questions to consider
- How much regulation is too much?
- Does taxation hinder growth?
Another view
Some regulation is necessary to prevent market abuses.
More from Ronald Reagan
Too much SALT isn't good for you.
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