Thursday, March 12, 2009

The Fatal Conceit

"A failure to act, and act now, will turn a crisis into a catastrophe," President Obama said.

If someone expresses skepticism, Obama and other political leaders suggest that economists are unanimous in believing that government spending is the only answer.

"We have a consensus that we need a big stimulus package that will jolt the economy back into shape," Obama said.

House Majority Leader Steny Hoyer agreed: "Every economist from right to left, Republican, Democrat, advises that it has to be a very substantial package."

It's a lie. There was no consensus.

Our politicians are hell bent on their course. When dissent is offered, they resort to ridicule or accusations but seldom to actual debate. No debate means no mainstream coverage of opposition viewpoints.


200 economists against the stimulus - pdf

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