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Tuesday, February 17, 2009

Sad but Accurate

Independent Institute Senior Fellow Robert Higgs: "For the economy in general, doing nothing is vastly preferable to doing the stimulus package, but doing nothing is not a political option; indeed, it would be political suicide," Higgs said. "Given the dominant ideology and the political institutions that now exist, economically rational public policy is incompatible with political viability.... Having hit bottom, the politicians can only do one thing: keep digging. If Hell is down there, they'll reach it, sooner or later." (Me) (Blacktail Books)

1 comments:

Jean&Vic said...

At the rate the govt. is digging they won't need to worry about hell. I tend to figure they are helping it along nicely as they are.

 
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