Accelerationist policy is when the government picks economic winners and losers. It’s a policy based on the idea that the government should guide economic growth by sponsoring certain kinds of growth and blocking other kinds through either regulations and laws that stop growth or permit growth or by making loans unaffordable or unobtainable to certain groups while other groups can get affordable loans. It’s the idea that government knows best how to guide economic growth. It’s a bad policy that is failing America.

Ludwig von Mises abhorred accelerationist policy. Because it leads to problems like the ones that we see everywhere across the U.S. today.

Accelerationist policy was behind the Great Recession when insolvent banks that gambled on real estate were saved after the real estate market crashed. It’s behind the end of Glass Steagall laws that once protected people from being harmed by financial gambles. It was behind the Affordable Care Act that raised the cost of healthcare for all Americans while lowering care quality. Accelerationist policy is why algorithms that value real estate at such high prices are in widespread use so that over half of all Americans can’t afford a mortgage in a monopoly price fixing scheme. It is why so many students got loans for a university education of dubious quality and utility and also why students can’t discharge that debt by declaring bankruptcy when they can’t find work. It’s why the way that we measure unemployment has changed so that we don’t count longterm unemployed people who can’t get a job. It’s why cars cost too much after regulatory mayhem to make cars more carbon neutral or why cars have so many costly gadget add-ons like back-up cameras. It’s why insurance of all kinds costs more now. It was behind the Covid Caper.

Accelerationist policy laughs at death and mayhem. It’s the Bugaboo of modern times.

It’s how the Federal Reserve implemented ZIRP that has removed interest on savings. It’s why you can’t get interest on money by saving money….because the government wants you to be motivated to spend your money immediately. It’s why old people can’t make it once they stop working and also why the government needs old people to never stop working and also why algorithms now screen applicants to screen out elderly ones that can’t ever get a job now. And no one can find out why a perfectly qualified applicant is screened out by the AI software.

It’s why there aren’t winning options for so many of us.

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ADDENDUM: Interventionism or interventionist policy is the older term for government interference in the economy; Accelerationist policy is the rebranding of the old term by American government think tanks.