Thursday, February 14, 2008

Liberate, Not Stimulate

To Stimulate the Economy, Liberate It
By Yaron Brook

http://www.forbes.com/opinions/2008/02/14/yaron-economy-regulation-oped-cx_ybr_0214yaron.html

The economic stimulus that would result from drastically cutting government regulation and spending (and thus taxation) is almost unimaginable.

Faced with recession, therefore, we should be asking not, "What can the government do to stimulate the economy?" but "What can it stop doing?" Washington should be debating which disastrous programs to phase out first: Sarbanes-Oxley, or the constellation of agencies that distort the housing market, like Fannie Mae and Freddie Mac. Politicians should be committing to drastically cutting government spending, so that Americans can have real and lasting tax relief.

What our economy needs is not a stimulation package, but a liberation package.

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