Ian C 
Member since Feb 25, 2009


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Re: “How presidents address crises with haste, hysteria, and dubious intentions

Just go to the federal government webpage and look at all the different departments that are involved in economic planning. Then look at the central bank who is the only entity that decides how much money needs to be in circulation, and what interest rate to lend the money at.

A company must make a good in order to exchange it for another good, or money. The government does not produce any goods, so the only way it can get money is to tax, print, or borrow money. For the government to finance these adventures they must first take money from those that are producing. This only stifles growth. This also points out that the bigger the government in general, the bigger the burden on the economy as a whole.

This is not a Republican or Democrat issue.

Posted by Ian C on February 25, 2009 at 12:59 PM
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