Wednesday, October 2, 2024

Does This Country Need More Efficient Government?

The commission would be led by tech entrepreneur Elon Musk, who would audit the entire federal government to find and eliminate inefficiencies that needlessly cost taxpayers trillions of dollars.

While Austrian economists tend to be wary of the entire concept of "Efficiency" in a world without perfect, universal knowledge of the future and static, unanimously agreed-upon goals, it's hard to label the federal government's record at effectively using tax dollars to solve problems as anything short of abysmal.

For decades, the federal government has repeatedly set out to allegedly address societal problems by pouring absurd amounts of money into them, only to see the problems get worse.

The same thing happened after the federal government started to address the affordability of healthcare and the accessibility of home ownership.

To call the federal government's performance on these and other programs "Inefficient" or even counterproductive is a serious understatement.

Government involvement in all the above areas has been cataclysmic, which brings us to the first problem with the Trump-Musk efficiency commission: the scale is far too limited.

There absolutely is value in Elon Musk leading an efficiency commission that audits the federal government. 

https://mises.org/mises-wire/does-country-need-more-efficient-government

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