Painted Into a Keynesian Corner

01/26/2008 Mises Wire Antoin E. Murphy

Here is my Townhall piece regarding the Fed’s predicament. An excerpt: In a time of recession, when we need to tighten our belts, the politicians encourage us to go buy new cars and plasma screen TVs. The idea seems to be that if we all just ignore the recession, it will get bored and go away.

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