A thoughtful reader asked this question.
The Stimulus package is supposed to create jobs. As enacted, it seems more likely to stimulate government. Growing government is like putting on weight: its easy to gain weight and hard to take it off. All the diets in the world don't work very well. And that will likely be the legacy of the stimulus: a drag on the economy just when natural market forces would otherwise rebound.
Saturday, February 28, 2009
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