We’re hearing a lot from Obama and Romney about their “plans” for reviving the economy and creating jobs. Economist Thomas Sowell, however, points out here that political plans are not going to accomplish anything good because they’re built on the faulty premise that our problems stem from government not doing enough or not doing the right thing. What we need for economic revival is for the government to stop obstructing the spontaneous order of the free market, which alone can put resources to their most productive uses. That was what Harding did following the sharp 1920-21 recession; had he followed Herbert Hoover’s interventionist advice, we’d have had the Great Depression starting in 1922.