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Tuesday, October 06, 2009

A solid argument against government stimulus. A sample:

What's unseen in the stimulus package is where taxpayers would spend that trillion dollars if it wasn't taxed or inflated away from them. That money would certainly produce jobs that will instead be destroyed by the stimulus package. And those jobs would produce goods and services actually demanded by the market, rather than by politicians and lobbyists and bureaucrats. There is no way the government can create more productive jobs with its package than if it were to do nothing.

The key to overcoming an economic downturn is to allow the market to create wealth. Economic productivity makes for high-paying jobs and an affordable decent standard of living. When the government tries creating jobs for its own sake it could be very counterproductive for the longterm health of the economy.

Read the whole thing.

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