Clunker Economics

Posted: August 12, 2009 in Economics

Whether we’re maxing out our credit cards for bailouts, “stimulus,” or for Obamacare, it still has to be paid for.  For a critique of spending-our-way-to-prosperity economics, see:

http://mises.org/story/3624

Favorite quote: “When you stop doing economics and instead wander into mass psychology, anything goes.  In fact, throwing virgins into a volcano might boost GDP, depending on what the public believes.” — Robert P. Murphy

See also Doug French’s discussion of the harmful effects of inflationist policies:

http://mises.org/story/3616

Vern

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s