Reasonably Thinking

I haven’t put a Schiff article on here in a while, so I assure you, this one is worthy.

“[government] interventions have succeeded only in putting our economy back on an unsustainable path of borrowing and spending. Accordingly, they have prevented the rebalancing necessary for long-term health.

…based on the false economic signals of the ‘stimulus,’ we continue to build houses for which no legitimate demand exists.  The same is true for cars. Because of stimulus money, Americans are buying cars that they otherwise would not have. In a free market, the money would have been used for a more constructive purpose.”

http://europac.net/externalframeset.asp?from=home&id=17544&type=schiff