.. when a fan of Bastiat’s sees the broken-window fallacy in government “stimulus” spending, she is on the firmest of ground. Every dime the government spends—whether acquired through taxation or borrowing—is a dime that someone in the private economy won’t be spending. If people are not spending already—which is not the case these days—we must look to the earlier government interventions that brought about that condition—and then repeal those anti-market corporatist policies, regulations, and taxes.
quarta-feira, maio 14, 2014
When Liberals Misread Bastiat por Sheldon Richman: