Stimulus Packages

Agora Financial posted this quote from one of their favorite economists the other day:

"There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved."

- Ludwig von Mises

As the media and government keep talking about stimulus packages and tax cuts, I wonder where that money is going to come from. Are those plans going to make our economy stronger, rescue it if you will? Another writer at Agora wrote that they are prescribing the same drug to fix the problem that caused the problem. How's that work? Oh you are a heroin addict, have more heroin then, you'll be fine. That toilet from Trainspotting comes to mind.

No comments:

Gavin Newsom's executive order contradicts his public statements

Gavin Newsom's insane new executive order commands Californians to stay in their homes "until further notice" "except as...