Friday, October 23, 2009

'The Incredible Bread Machine'

"Billions were spent, but the net effect was not to spur recovery but to retard it, for the State can inject into the economy only what it has first taken out, either openly through taxes or surreptitiously through inflation. When government spends, the economy drinks its own blood and,in the end, is weakened accordingly."

3 comments:

Jordan said...

Government has an important purpose, but we the public often expect them to over-manage and fix every situation.

Sra. Madera said...

Yes, Government has a purpose. It is spelled out in the Constitution. None of the plans beings discussed are included in the Constitution except for the defense of our nation. There is where Obama fails to act. The other areas of his agenda are to move us away from our Constitutional Republic and toward more socialism. The quote on the blood letting is accurate, that is what killed George Washington it seems appropo.

Palm boy said...

Ditto both of you, Madera, I'm glad you caught the same idea I did