Tuesday, February 10, 2009

Economists Agree - NOT!

With All Due Respect, Mr. President

Notwithstanding reports that all economists are now Keynesians and that we all support a big increase in the burden of government, we do not believe that more government spending is a way to improve economic performance. More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japan's "lost decade" in the 1990s. As such, it is a triumph of hope over experience to believe that more government spending will help the U.S. today. To improve the economy, policy makers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth.
View the list of economists who signed this message...

Source: CATO Institute

Note: Why... WHY?... are we being spoon-fed propaganda; why are we being mislead? We (the people) should have access to all sides of this issue. Investigate the sources of information you receive, listen to all sides. Look both ways before crossing the street.

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