DeLong’s Stimulus Accounting: A Deconstruction
Rather than plunging the taxpayers even deeper into debt, the government would do well to cut its own spending and return resources to private hands. Only then can true economic recovery begin.
Rather than plunging the taxpayers even deeper into debt, the government would do well to cut its own spending and return resources to private hands. Only then can true economic recovery begin.
Every government intervention creates new problems in the course of vain attempts to solve the old.
Insurance regulation in the United States is not working because it makes insurance a static, uncreative and boring business.
Eventually, every aspect of productive life will be so controlled that capitalist drive and ingenuity will become relics of the past.
Unfortunately, central bankers and central planners believe these statistics have relevance, justifying their interference with businesses and making us all poorer in the process — no matter what the numbers are.
"We cannot compete against you in markets because you exert control over our entry into markets."
When will we have a Supreme Court that forbids the federal government from using the power of taxation to destroy our entire country?
"I just want to caution Austrian and libertarian readers not to assume that anyone who 'thinks global warming is a big hoax' is automatically a great scholar.
The word from Washington is that things are looking up. The citizens in Segovia used to hear the same thing from Rome.
"Where the state is god and the 'public interest' worshipped, individual man will be found bleeding upon the altar."