"Bureaucracy, the rule of no one, has become the modern form of despotism." ~ Mary McCarthy
Fix the Economy?
Submitted by Michael Kleen on Thu, 2010-07-15 08:40
(A different perspective on the economy - ed.) There are remedies for recession, and the remedies are well known. But fixing the economy requires special medicine, fiscal stimulus, and if the patient does not take the medicine, he will not improve. It’s not enough to have the medicine sitting on one’s nightstand. It must be ingested before recovery can begin.
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I used to have a high regard for Whitney. He has recently lost touch with reality---or sold out to Keynesists.