Swing by www.gainspainscapital.com [2] for more market commentary, investment strategies, and several FREE reports devoted to help you navigate the coming economic and capital market changes safely.
If you want to see in stark contrast why “top down” Government programs cannot fix the US economy take a look at the recent developments regarding school lunches.
In case you missed it, recently the US public school system has implemented a series of reforms to mandate what students should eat based on a healthier diet.
The program was spearheaded by First Lady Michelle Obama, who, despite not being a nutritionist or having any sort of medical degree, has decided she knows what’s best for children in terms of their diets.
As a result of the reforms, the cost of school lunches has risen by $0.20-$0.25 per plate. And students don’t like it. In fact, many of them have begun protesting the reforms saying that they’re hungry and the food portions are not enough.
However, the far more interesting development concerns students who have begun a black market of selling food to other students. Several enterprising individuals have begun bringing food to school and selling it to other students. One student simply brings in a chocolate syrup bottle and sells “shots” to classmates.
Bear in mind, SAT verbal scores just hit their lowest levels since 1972. And this is after the test was dumbed down several times.
What’s my point with all of this?
That high school students, even those who are borderline-failing their SATs, have a better understand of economics and job growth than Washington bureaucrats.
Welcome to the USA.
The reason the US rose to power was due to a Democratic Capitalism of innovation and entrepreneurialism, NOT the Government running things. In the recent case of school lunches, the Government has gotten involved, prices have gone up, and students are unhappy. As a result, other students have stepped in, creating a sub-economy for lunches in the schools.
Want to fix the economy? Get the Government out of the way. Heck, even SAT failing high school students know this.
Swing by www.gainspainscapital.com [2] for more market commentary, investment strategies, and several FREE reports devoted to help you navigate the coming economic and capital market changes safely.
Graham Summers