Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Freedomworks (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

The Market Is Working; Government Should Let It

% of readers think this story is Fact. Add your two cents.


On September 8, 1950, President Harry Truman signed the Defense Production Act (DPA) into law. The measure gives the President sweeping authority to seize control of production in the name of national defense. Many have suggested President Trump use this authority to deal with the effects of coronavirus. Thankfully, he has mostly resisted these calls and the private sector has answered the call of duty on its own.

The DPA allows the President to require private businesses to contribute to the production of materials necessary to protect national security. It also allows the President to designate certain materials where it is illegal to hoard or price gouge.

It is important to note this law was passed not in response to any public health crisis, but in response to the Korean War. Not only is the DPA unconstitutional, but it was not meant to apply to situations such as the one we are in now, as extraordinary as they may be.

Further, the applications of DPA authority have very often been far wider-reaching than originally intended. Truman used it to implement price controls on steel and aluminum. More recently, President Barack Obama to threaten tech companies with criminal penalties if they didn’t divulge information about their technologies to the federal government. This is surely not a precedent we want to continue.

Beyond this, the usage of DPA authority is wholly unnecessary. Businesses are currently burning the proverbial midnight oil to produce extra medical supplies, masks, and hand sanitizer. We are talking about exponential levels of production and tens of millions more supplies than on a normal basis. The free market always demonstrates to be more efficient than government. Government re-purposing of these facilities would bring about the same waste we always see with the government.

Some of our nation’s biggest names are also stepping up to do what they can. Elon Musk has donated scores of ventilators to help mitigate the effects of the virus. Google is helping researchers compile data so first responders can more effectively identify coronavirus cases. Facebook is hiring extra workers to help keep people informed and safe in the midst of this crisis. Amazon is using its facilities and vast resources to prioritize medical equipment and essential items. Anheuser-Busch is making hand-sanitizer. A veteran-owned shirt company in Georgia is producing masks for healthcare professionals.

Our nation is pulling together in a way we haven’t seen in years. There is no need for a government “solution” where a problem doesn’t exist. Repurposing private facilities would hinder the operations already underway without coercion and would set yet more precedents that will likely last far beyond this pandemic. As we’ve learned, there is nothing so permanent as a “temporary” government program.

President Trump has invoked the DPA but has wisely said he will hold off on using the authorities granted to him unless it is clearly necessary. FEMA has declared that DPA won’t be necessary to secure the thousands of test kits needed. The market is working and, for now, the Trump administration is allowing it to do so. Despite rising tensions and widespread fears, we need a hands-off style of leadership to ensure that existing solutions are allowed to run their course. The Trump administration should be applauded for displaying such leadership.


Source: http://www.freedomworks.org/content/market-working-government-should-let-it


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.