The unnecessary depression

The Libertarian Enterprise
by L. Neil Smith

02/01/09

Government is doing the exact opposite of what really needs to be done. George Bush and Barack Obama have pumped trillions more in counterfeit currency and credit into an economy already deathly ill from such treatment. If it goes on, we stand to suffer hyperinflation (all inflation consists of, no matter what they told you in Economics 101, is government generation of phony money) followed by another, very possibly terminal depression. Before it’s over, the country — if not the whole world — will be locked down under brutal military rule, and our species likely will never again know freedom, progress, or prosperity...

//www.ncc-1776.org/tle2009/tle504-20090201-02.html



Top 10 reasons to oppose the stimulus

FreedomWorks
by Matt Kibbe

02/02/09

Our history is replete with examples of ’stimulus’ spending failing to move our economy toward prosperity — Bush just tried it, Ford tried it. Even Christina Romer, Obama’s Chair of the Council of Economic Advisers agrees. Romer wrote in a study, ‘Our estimates suggest that fiscal actions contributed only moderately to recoveries.’ The New Deal didn’t end the Great Depression and Obama’s stimulus package won’t end this recession. In fact, two UCLA economists published a study in 2004 finding FDR’s similar New Deal policies prolonged the Great Depression by seven years...

//tinyurl.com/brd4wd


Informant: Thomas L. Knapp



//freepage.twoday.net/search?q=depression
//freepage.twoday.net/search?q=recession
//freepage.twoday.net/search?q=Obama
//freepage.twoday.net/search?q=stimulus
//freepage.twoday.net/search?q=military+rule
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