Thanks for the ping jaz. Another good one from Dr. Sowell.
We did donate already, and have received our thankee in the FReepMail also. We hope everybody remembers to send what they can either Pay-Pal, or snail mail as soon as possible, and get this FReepathon as over with as we wish November was.
>> but also the speed with which it circulates,
Circulation is key - the money must be moving - it’s not.
People on steady income don’t directly experience the ebb, flow, and drought of the economy until they get fired.
Still today, too many cannot make the connection to the economic problems we’re suffering.
There is no free lunch and the biggest price of all is paid by people who are unemployed because politicians cannot leave the economy alone to recover, as the American economy has repeatedly recovered faster when left alone than when politicians decided that they have to “do something.”
A liberal friend of mine just does not get this. He is a Keynesian when it suits him and believes that government spending is the way out of a recession. His feeble logic says that if some spending is good that any and all spending must, therefore be good.
I keep trying to get him to realize that government investment on infrastructure or other capital spending is the only logical way that government spending can stimulate. Giveaways to favored political cronies does not.