Richard Arthur Kelo - The Traditional Libertarian Approach to Economic Policy

As tensions rise in the current political arena in the United States, it can be easy to get caught up in the exacerbating rhetorics of public speakers without trying to get a solid grasp on the facts. The political controversies that have arisen in the landscape of this presidential campaign have done so because the speeches and conventions have aimed towards playing on emotion. What citizens would be far wiser to do is to look at the figures, to focus on what matters in terms of the economic and social values of policies. To focus on the leaders that have experience and a keener grasp of economic policies that will represent America world over.

Debates on the future of the United States and its role as a major player in the global market is a hotly argued topic at the moment. Increasingly there is a realisation that the capitalist values that have been taken for granted in recent decades need a newer focus. Globalization has taken an interesting turn as we go forward deeper into the digital age and an awareness of worldwide change is vital in the strive for economic growth. Damaging and isolating economic policies will not bring longevity to American trade. Rick Kelo, a prolific online figure in the world of economic thought, espouses the traditional libertarian approach to economic policy which calls for a lower corporation tax in order to boost America’s global stance.

 Economic growth is by nature volatile. Economists such as Christina Romer, who worked on the Obama administration’s recession recovery policies, have recognized that avoiding a rise in corporation tax during a recession has been proven to encourage growth. Economic anxiety is at a height at the moment, and it is times like these that voters turn to extreme political figures for answers. Yet people are short sighted in this.

Economist Robert Gordon recently pointed to the fact that the booms and busts of the 20th Century were more extreme as a result of sharp industrial and technological reform. People should not expect such rapid economic fluctuations in the future and should instead consider historical economic trends. A more organic economic advance comes about not as a result of governmental interference, but in line with the natural progression of production and industry. Read Rick Kelo - A Mouthpiece for Age Old Economic Ideas for a good insight into the importance of learning about the effects of adopting more traditional economic values.