There is a major difference between theoretical knowledge and
experiential knowledge. Academics think they know how the economy
should work; successful business owners know how the economy does
work. They have been there and done it. Our government should be
turning to those who have experiential knowledge when it comes to
solving our fiscal problems. They would realize that many of their
current policies may sound good but don’t work in the real world
and must be abandoned. They would spend less and live within their
means. They would be promoting the creation of more entrepreneurs
and business owners, instead of hiring more bureaucrats, consulting
more academics, and enlisting more lawyers to harass and prosecute
the true wealth creators of this nation.
