This is the same mistake - identical in point of fact - that was made in the 1930s. By attempting to prevent people from being "hurt" by unemployment and economic contraction the government stretched what should have been a nasty 18 month depression into a decade-long economic disaster!,
I came up with a new name for the government program that was in response to the Depression, and which made it last for a whole decade: The New Ordeal.
Today we have the Stimulus/QE Newer Ordeal.
An economy can't be based on building overwrought post offices.
No comments:
Post a Comment