It was so nice going to church this morning and not seeing a photo of President Obama anywhere! How refreshing.
Gordon Brown is planning to talk to The (other) One this week about a global new deal. Imagine what that’s going to cost us.
Where did this global economic crisis originate? Was it here in the US or did it start overseas? If economists haven’t figured it out how can we trust a bunch of politicians? Do you have any confidence that our government’s actions will be effective?
Stimulation by Government
…”The economics of stimulus are not as complicated. They amount to taking from some and giving to others. There is no wealth creation at all.”…
…”We will never know what kind of real stimulus could have taken place had the property been left in private hands. What jobs might have been created, what investments might have been made, what kind of business expansions might have taken place?”…
http://mises.org/story/3360
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…”It takes a government to sink an economy. Only government is in a position to introduce economywide distortions that lead entrepreneurs and investors astray. It can do so by expanding the money supply, artificially lowering interest rates, and creating incentives to invest in the wrong parts of the economy relative to the preferences of consumer-savers.”…
http://www.fff.org/comment/com0902l.asp
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