Monday, January 25, 2010

Distorting the economic channel


Cafe Hayek points us toward the involvement of Congress in economic affairs, a CATO study.

Key line:

"Most people are aware that federal spending is soaring, but the federal government is also increasing the scope of its activities, intervening in many areas that used to be left to state governments, businesses, charities, and individuals."

There is no Keynesian math that allows me to pay for subsidies way beyond my means. Hence, the only Keynesian math is wishful thinking about the future.

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