[T]he Obama-Biden Plan for economic central planning will not work as the focus is on job creation, not maximizing economic output. Furthermore, the plan will not work since the chosen, unelected central planners cannot possibly imitate the billions of mutually beneficial trades that occur naturally in a vibrant free-market economy. This was the great lesson learned from the monumental failure of communist Russia. Lastly, Keynesian deficit and stimulus spending only postpones the inevitable Misesian "crack-up boom." Now for the tougher part of this essay. What WILL work? What could Obama do differently?
An excellent analysis of the "stimulus" plan Obama is going to push on us. Recommended reading.
No comments:
Post a Comment