Instead of stimulus, do nothing, seriously

Christian Science Monitor
by Robert Higgs

02/09/09

As we wait to see how the politicians in Washington will alter the stimulus package the Obama administration is pushing, many questions are being raised about the measure’s contents and efficacy. Should it include money for the National Endowment for the Arts, Amtrak, and child care? Is it big enough to get the economy moving again? Does it spend money fast enough? Hardly anyone, however, is asking the most important question: Should the federal government be doing any of this? In raising this question, one risks immediate dismissal as someone hopelessly out of touch with the modern realities of economics and government...

//www.csmonitor.com/2009/0209/p09s01-coop.html



TARP is welfare, control it

Tom Paine/Our Future
by Leo Gerard

02/06/09

A decade or so ago, some states gave welfare recipients food stamp debit cards. Welfare mothers could use them to buy groceries with plastic, just like virtually everybody else in the check out line. Plastic made accounting easier for clerks because the debit cards failed to function for excluded items like cigarettes and alcohol. That’s what America needs for Wall Street. … TARP debit cards are required because Wall Street’s wizards of finance have shown repeatedly they can’t or won’t control their own spending...

//tinyurl.com/avakxd


Informant: Thomas L. Knapp



//freepage.twoday.net/search?q=Obama
//freepage.twoday.net/search?q=stimulus
//freepage.twoday.net/search?q=TARP
//freepage.twoday.net/search?q=Wall+Street
//freepage.twoday.net/search?q=Robert+Higgs
//freepage.twoday.net/search?q=Leo+Gerard

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