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  • Stimulus Should Not Reinforce Misallocation of Resources

    New York University economics professor Mario Rizzo full remarks from last week’s Club for Growth-Heritage Foundation “Economic Recovery: Free Markets vs. Big Government” conference are now available on line. Rizzo summarizes them here:

    My four key points are:

    1. The central cause of the current economic state of affairs is bad monetary policy from 2002 through early 2006.

    2. Stimulus should not stimulate or reinforce the misallocation of resources.

    3. Stimulus should create economic value and not destroy it.

    4. The best stimulus consists of incentive-relevant tax reductions.

    Posted in Ongoing Priorities [slideshow_deploy]

    4 Responses to Stimulus Should Not Reinforce Misallocation of Resources

    1. Ozzy6900, CT says:

      It's too late for analysis of the "Stimulus Package". By the time anyone reads this article, President Obama will have already signed the ill fated document which will cost the American Taxpayer his shirt, pants and anything else the Government can lay their hands on!

    2. Mario Rizzo, New Yor says:

      The bill may be law but the debate about whether it can work is not over.

    3. Barb -mn says:

      We don't need government for incentives, we need government to grasp the truth and remove mandates, lift bans relating to the biggest SCAM called MAN-MADE global warming.

      WE NEED AN HONEST GOVERNMENT MAJORITY! We don't even get that from the President.

    4. Forex Traders make says:

      Of Free Markets this is fairly obvious when you think about it. Existing more than last week's) decreased sharply. Don't forget Free Markets.

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