Nooooo! Not more stimulus plans!
Many objections. Many.
Say's law says production drives the economy, not consumption. By one view, consumption just consumes wealth. (That may be a necessary part of the business cycle, but the main point remains.)
Republicans and conservatives must fight a new Obama-ist stimulus, as actually harmful to the economy, not just too much.
Right now, however, even conservatives can't resist the siren's song of government bucks. Until they do, they'll fail.
Monday, July 6, 2009
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