Naturally, the short-sighted politicians (pardon the redundancy) who are in charge in Washington are committed to the political expedient of spending prodigious amounts of money in order to “stimulate” the economy. It can’t, however, as Sheldon Richman explains in this column.
You have to wonder — does Obama the supposed intellectual ever bother to read things written by people who reject the idea that government officials know how to manage the economy? Does he even know that such a case exists?