Income disparity is highest in New York City, of all of the United States, but should the government intervene? This is quite a debatable topic with valid responses from both sides. But economic stability is not quite the concern of the government. This does not mean that the government should totally leave economic stability to the people, but the intervention of the government in reducing income disparity should be limited. At this point, a lot of Americans might not agree to what extent the government should limit their intervention and some may want to hand all economic regulations to the government and administrations. However, the economy of the United States depends upon selling goods and markets: two things that are run by people living locally. 

In short, free markets and shops are private businesses with people running them and other people buying from them. Merchants know better than the government officials what supply and demand require. Some things are seasonal and only required for a short time. If the economy was totally handed over to the government, then all the markets and shops would have to run according to government rules and regulations. And as the government has no experience and specific knowledge about how to run markets and shops, they may drop economic stability even more. If the government puts all the focus on economic stability, then other more important national issues will be neglected.

Additionally, the personal freedom of markets and shop owners will be taken away. They would not be able to decide how the shop will act or where the money will be spent. Individuals should be able to decide how and when to produce. Some believe it is the most efficient way to keep the economy stable and without getting the government involved.

If the government becomes involved in an economy, it stands to reason that so do the political groups. The economy could be influenced by the political group’s pressure, wrong decisions could be made, inhibiting the efficiency of the markets and economy as a whole. With a subject as vital to societal prosperity as the economy, major mistakes could result in the downfall of a whole country.

Because of the risks, it may be better to keep the economy and politics far apart in the interest of growth, stability, and a fair, free trade. The government should be allowed to get involved and participate in the betterment of the economy with limitations. It should not be fully handed over to the government, as the government is not fully qualified for this job.