Uncle Sam Can't Count

A recent book by Burton W. Folsom Jr. and his wife Anita, Uncle Sam Can’t Count, draws on examples from the past and present to show why government subsidies overwhelmingly do not work.

There have been a few that can be considered successful, such as the Erie Canal system, the atomic bomb development, and putting a man on the moon.  However, for the most part, the federal government always seems to pick the losers, not the winners, when attempting to interfere with the free market system.  The authors show in the book that from the days of George Washington to the present day, government subsidies have failed dismally while draining the Treasury of cash, increasing the national debt, and impeding economic growth.  American Thinker had the privilege of discussing this topic with the Folsoms.

http://www.americanthinker.com/2014/05/uncle_sam_cant_count.html