If an athlete injures himself and suffers great pain, we'd recognize the shortsightedness of giving him painkillers to keep him going. The pain might be masked, but at the risk of greater injury later.This is correct. There are issues in the economy that need to be worked out. Government interference is only going to delay this process and make things worse. Read the entire column.
That's a good analogy for the inflationary policies now pursued by Washington. These policies may temporarily "stimulate the economy," but they also disguise and aggravate the underlying problems. We will all pay a serious price.
Thursday, December 04, 2008
Government Sets Us Up for the Next Bust
John Stossel:
Labels:
2008 recession
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