The Stimulus Racket

[jsgolfman]

Great article today on Mises.org about how the stimulus racket works. A little excerpt:

The bailout and the stimulus plans were destined to fail from the beginning. They allowed companies to avoid the consequences of their actions, circumventing a critical component of capitalism and a market economy. By removing the consequences, we have given corporations a green light to do whatever they wish.

How the Stimulus Racket Works - Charlie Virgo - Mises Daily

 

[! twitty]

It worked. it got Obama into the White House. I wouldn't be surprised if he promised another stimulus right before the next election.