Socialism has never reduced prices or improved affordability. Never. Interventionism is the root of all inflationary and scarcity problems. Only competition, open markets and technology can reduce prices and ease the bottlenecks created by governments through asphyxiating regulations and taxes.

Zohan Mamdani stated that “there is no problem big enough that the government cannot solve.” The evidence is the opposite. There is no problem that government intervention does not make worse. Government intervention is the cause of inflationary crises, not the cure.

Uncontrolled spending is printing money and inevitably leads to the destruction of the purchasing power of the currency, lower real wages and higher inflation. Add to it regulations that limit competition and affordable supply and taxes that make small business uncompetitive and the distortions created by governments playing God led to chronic inflation.

Never trust experts who criticise the U.S. economy and have argued for years that it should follow the policies of France, Germany, or Canada.

Statism never works, and France, Germany, Canada, the UK, and Japan are in stagnation, with bloated public sectors that hinder economic growth and excessive regulations and taxes that hurt jobs and investment.

The United States will deliver stronger economic growth than all its major advanced peers in 2025, with inflation, real wage growth, and unemployment figures that also outperform countries like Japan, the UK, Canada, France, and Germany.

A few years ago, The Economist published an issue called “The Triumph of Big Government,” highlighting the rise of government intervention as the main driver of economic recovery and growth. The years of budget and deficit control were over. Mainstream economists hailed the decisive action of governments in developed nations, committed to spending to boost growth and abandoning the old “austerity” principles.

Only a few years later, The Economist publishes an issue titled “The Coming Debt Emergency,” mentioning the enormous deficit and debt problems in France, the United Kingdom, Japan, and the United States.

Rising government spending and public debt create economic stagnation and declining living standards. Many citizens believe that the state will give them prosperity and equality. However, the state only makes paper promises by issuing debt, creating a constantly depreciated currency. Taxpayers are constantly expropriated, while the recipients of subsidies become a dependent subclass. Who wins? Bureaucrats.

Deficit spending is not a tool for growth. It erodes prosperity, creates persistent secular stagnation, real wage growth decline, and poor productivity growth.

High public spending and government debt falsely inflate GDP through government outlays while, in most cases, masking a private-sector recession underneath. GDP is easily manipulated by increasing government spending and changing the calculation of GDP deflators.