To eliminate excess government debt:

          To eliminate excess government debt:

Reducing Taxation: Lowering taxes on individuals and businesses to promote investment, consumption, and economic growth. High taxes can discourage entrepreneurship and reduce the incentives for businesses to expand and innovate [1]. Historical data from the United States provides some evidence for the Laffer curve's predictions, where after reducing tax rates, tax revenues initially decline but then increase. Increased tax revenues reduces the need for more debt.

Privatizing Public Services: Moving services such as education, healthcare, and public transportation to the private sector can increase efficiency and quality through competition. Privatization ensures that services are provided based on market demand and consumer preference rather than government allocation [3].

Eliminating Subsidies: Phasing out subsidies for specific industries or companies to prevent market distortions. Subsidies can create inefficiencies by propping up businesses that would otherwise not be competitive, thus misallocating resources [5].

Promoting Free Trade: Encouraging international trade by reducing tariffs, quotas, and other trade barriers. Free trade allows consumers to benefit from a greater variety of goods at lower prices and enables businesses to access larger markets [2].

Enhancing Property Rights: Strengthening the protection of property rights to ensure that individuals and businesses have the confidence to invest and innovate. Secure property rights are fundamental to a functioning free market as they provide the necessary legal framework for voluntary exchanges [6].

Reducing Government Spending: Limiting government spending to essential functions and reducing the size of government. Excessive government spending can crowd out private investment and lead to inefficiencies in the allocation of resources [4].

Encouraging Financial Innovation: Allowing financial markets to innovate and develop new products and services without excessive regulation. Financial innovation can enhance capital allocation, improve risk management, and increase access to credit [1].

Sources:

1 Capitalism by George Reisman

2 A Theory of Socialism and Capitalism by Hans-Hermann Hoppe

3 Classical Economics by Murry Rothbard

4 Hidden Order by David Friedman

5 Economic Thought Before Adam Smith by Murry Rothbard

6 The DIM Hypothesis by Leonard Peikoff

Investing in Infrastructure: Allocating public funds towards cost-effective infrastructure projects that provide long-term economic benefits aligns well with free market principles. These investments can enhance productivity and create a conducive environment for business growth, unlike welfare payments and subsidies for renewables which can distort market incentives [1].

Abolishing Welfare: Eliminating welfare for those capable of work encourages self-reliance and personal responsibility. This aligns with the laissez-faire principle that individuals should be free to pursue their own economic interests without reliance on government aid. By reducing dependency, it can also help reduce public debt and encourage labor market participation [2].

Restricting Immigration: Limiting immigration to highly qualified and productive individuals ensures that the influx of labor adds value to the economy and does not strain public resources. This measure can help maintain a competitive and efficient labor market [3].

Rewriting Environmental Laws: Revisiting and potentially repealing certain environmental regulations can stimulate economic activity by allowing entrepreneurs to utilize natural resources more freely. This can lead to increased productivity and economic growth, albeit with the need for a balance to avoid significant environmental degradation [4].

Deregulating Small Businesses: Reducing regulations that hinder small businesses can level the playing field and foster competition. This can lead to innovation and growth, as small businesses are often more agile and responsive to market demands than large corporations [5].

Dismantling DEI/ESG Complex: Encouraging merit-based hiring, contracting, and investing can ensure that economic decisions are driven by efficiency and productivity rather than compliance with arbitrary standards. This aligns with the laissez-faire emphasis on meritocracy and market-driven outcomes [6].

Addressing Crime and Homelessness: Ensuring public safety by incarcerating criminals and providing cost-effective, sober living arrangements for the homeless can create a stable environment conducive to economic activity. This can help reduce social costs and create a more orderly society where businesses can thrive [4].

Sources:

1 Capitalism by George Reisman

2 Classical Economics by Murry Rothbard

3 Hidden Order by David Friedman

4 Man, Economy, and State with Power and Market, Scholar's Edition, by Murray Rothbard

5 A Theory of Socialism and Capitalism by Hans-Hermann Hoppe

6 Economic Thought Before Adam Smith by Murry Rothbard