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8 months, 1 week ago
Political Stimulus by Sheldon Richman, January 30, 2008
The government’s plan diverts resources from investment to consumption. But consumption is the effect not the cause of economic growth. You can’t consume what doesn’t exist.
This short article is an excellent demonstration of the inherent failing of any governmental action. It is presented in a way that I hope will latch with even the most lay of people.
The government’s plan diverts resources from investment to consumption. But consumption is the effect not the cause of economic growth. You can’t consume what doesn’t exist.
This short article is an excellent demonstration of the inherent failing of any governmental action. It is presented in a way that I hope will latch with even the most lay of people.
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"I have sworn upon the altar of God eternal hostility against every form of tyranny over the mind of man." --Thomas Jefferson
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