Monday, September 06, 2010

The Fury Over the Future

Cafe Hayek: "Tea Partiers aren’t upset because Obamacare hasn’t worked its miracles yet; they’re upset because they believe that Obamacare will create inordinately burdensome costs and other ills in thefuture.  Stimulus opponents aren’t up-in-arms because the economy isn’t “all better” already; they’re up-in-arms because they worry about the high debt burden and inflation that today’s stimulus makes more likely tomorrow.  Conservatives and libertarians don’t object to the Wall Street and Detroit bailouts so much because these actions cost money now; they object chiefly because they know that these actions will encourage large firms to behave more recklessly in the future."

Well said. 

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