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The culture of pain avoidance
QandO —
Peter Schiff hits a homerun with his Wall Street Journal piece today. It is entitled "There’s No Pain-Free Cure for Recession". For whatever reason, maybe it is the culture that has taken root in America, painless events, even decidedly negative ones, seems to have become a priority. And of course, such a priority plays into the hands of big government advocates. Conventional wisdom says no other institution has the tools to prevent the pain (although the history that supports that CW has been under serious attack for years). Of course the ...
Quote of the Day: Government Can't Create New Jobs or Wealth, It Merely Redirects Resources
CARPE DIEM —
... created by public-sector expansion merely comes at the expense of jobs lost in the private sector. And if the government chooses to save inefficient jobs in select private industries, more efficient jobs will be lost in others. As more factors of production come under government control, the more inefficient our entire economy becomes. Inefficiency lowers productivity, stifles competitiveness and lowers living standards. ~Peter Schiff in today's WSJ
Good sense in the Wall Street Journal
Mises Economics Blog —
From Peter Schiff, of course. He speaks at the Austrian Scholars Conference, which you must attend.
Peter Schiff's WSJ op-ed piece
The Mess That Greenspan Made —
... Today, Peter Schiff weighs in with some quite sensible arguments regarding the recent mania in economic stimulus programs around the world, figuring that maybe the free market would be better off deciding who wins and loses rather than governments. ...
