Is the Government Too Involved in the Economy?
For many Americans, the biggest political issue this year is inflation and the economy. Many will surely have this on their mind when they vote in the midterm elections on November 8. Sharply rising prices, supply chain issues, and the lasting impacts of COVID-19 have all caused Americans to discuss and debate what the government’s role in the economy should be.
Those who say that the government is too involved in the economy contend that government tends to create more problems than it solves. They argue that instead of increased government involvement in the economy, consumers, and suppliers should be left generally unregulated. If they are allowed to do so, they argue, economic issues will work themselves out through the natural forces of the market. They may also argue that increased government involvement creates unnecessary businesses and taxes that stifle innovation and economic growth.
Those who argue that the government should be more involved in the economy contend that the government can generally provide solutions to economic ailments. They argue that economies are too complex to be underregulated, and that government can provide solutions to problems like inflation, unemployment, and supply shortages. They claim that in a capitalist economy that has ups and downs, government is needed to help balance the boom-and-bust cycle. They may also argue that an increased role of government in the economy will lead to a more equal playing field for all Americans.
So, what do you think? Is the government too involved in the economy? Students can answer Yes, it is; No, it is not; or a nuanced answer in between! Be sure to submit your answers by 11/17 to have a chance to win this week’s contest.
Note: Ideal Think the Vote responses include the following:
- Address the question asked in a thoughtful and meaningful manner
- Use cited facts and constitutional arguments when appropriate to support their answers
- Are expressed in cohesive sentences and are free of distracting spelling, punctuation, and grammatical errors
- They address counterarguments and opposing concerns in a respectful manner
- They organize their answer in a manner that flows logically and reads clearly
JOIN THE DEBATE BELOW FOR A CHANCE TO WIN A $1,000 CASH SCHOLARSHIP!
For this question, BRI will be giving away two $25 gift cards, one to each person providing the best defense of each side of the debate. Both students will also win BRI swag. Each student winner will also be entered for a chance to win a grand prize of a $1,000 cash scholarship. Additionally, the referring teachers for both students will each win a $25 gift card and BRI swag.
This question will run from 11/3/22 to 11/16/22, so be sure to submit your answers in time to be considered for our prizes!