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Thursday, February 14, 2008

CPR Despite Stimulus

The one hundred and forty five billion dollars introduced by the White House/Capital Hill stimulus package is nothing more than temporal feel good solutions. This dream bill, semi-created by D.C. statists, is appealing to politicians, but equals disaster amongst most economists' opinions. According to the ever most important long-run, this possible legislation will create a higher inflation rate due to the Federal Reserve's monitorial printing press continues to overproduce, there will not really be a short run solution for stimulation the hurting economy, the consumer will direct the almost worthless money not controlled by the gold standard towards another economy than intended for the intended consumer. Additionally, these artificially created monetary units have once again been added to the already dangerous budget deficit. The private sector is forced to take the back seat because politics is what ultimately rules the roost.

http://www.angelfire.com/mo3/newsjunkie/libertarian.html
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