Feb 11
Robert Higgs, economist, on the Stimulus Package:
Given the dominant ideology and the political institutions that now exist, economically rational public policy is incompatible with political viability. See here. Having hit bottom, the politicians can only do one thing: keep digging. If Hell is down there, they’ll reach it, sooner or later. [my emphasis]
BTW: Read that whole page of economists thoughts on this bill. It is infuriating that we are so incompetently led.