Friday, November 14, 2008

Richman -

Economic recovery from a recession can be unpleasant, but the fault lies with the government policies that distorted the economy in the first place. Once the distortion has occurred, the consequences cannot be wished away. Economic logic will avenge itself -- now or later. Better earlier, quicker, and milder than later, longer, and harsher.

Two key things should be kept in mind in understanding this matter. First, production must precede consumption. The idea that we can consume our way to prosperity is absurd. Imagine if Robinson Crusoe tried it.

The Goal Is Freedom: Save Us from Government Spending

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