"WHEN FASCISM COMES TO AMERICA IT WILL BE WRAPPED IN THE FLAG
AND CARRYING A CROSS." -SINCLAIR LEWIS

Tuesday, August 5, 2008

Something I Wish I'd Said

"When the economy contracts, the government may use sound monetary and fiscal policy to help revive growth. But when wealth goes up in smoke, the government can't necessarily bring it back. If it tries, the effect is likely to resemble what happens when you give a recovering alcoholic a drink: deceptively pleasant at first, but ultimately calamitous." -Steve Chapman at Reason.com

As I've written before, I'm no economist so I don't know what exactly should be done about our sinking economy but I get the feeling that there isn't much any politician can do about it; of course, that won't stop any of this years candidates from promising to be able to handle it.

1 comment:

sterling said...

Amen.