Friday, June 1, 2012

John T. Harvey — The Horror Movie That Is Fiscal Responsibility

You know that incredibly frustrating feeling you get in horror movies when you see someone exploring the dark, dusty mansion alone, walking from room to room armed only with a flashlight, and you say to yourself, “Noooo! Don’t do it! Get the hell out of there or you’ll be killed!!!” Many economists have that feeling right now. It could not be more obvious that we desperately need an increase in the demand for goods and services, yet both Democrats and Republicans (though not to the same extent) are calling for “fiscal responsibility” in the form of reduced government spending. Idiots. You might as well give Freddy Krueger a key to your house and turn off all the lights.
Read it at Forbes | Leadership
The Horror Movie That Is Fiscal Responsibility
by John T. Harvey | Professor of Economics at Texas Christian University

He says "idiots," we say "morons."

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