Wednesday, April 28, 2010

Can we ditch Keynes now? Please?

John Lott demonstrates that the nations which pulled out of the global economic crisis most quickly are those.....which didn't enact massive bailouts into law. As one would guess from reading Bastiat, there appears to be tremendous fallout from "that which is not seen," specifically that it's a bad idea to take resources from productive people and put them into enterprises without regard to return on investment.

1 comment:

RobertDWood said...

Great column, thanks for the link!