A head-smacking moment

The simple wisdom contained in a letter to the editor in today’s Wall Street Journal is probably the clearest argument against the use of stimulus packages. Not that pain and hardship wouldn’t exist without governement intervention. But to say any of what Congress is doing will lessen the impact and not prolong what’s happening (when a mountain of evidence exists to the contrary) is simlpy kidding ouselves. According to the reader:

“Congress wants to ‘inject’ money into the economy. So first it takes money out through taxes and borrowing, then injects it back through spending. If they left money alone in the first place and stopped creating so much uncertainty, we would emerge from the recession much more quickly than we would from any ‘stimulus’ package.”