Stimulating Our Way to Rock Bottom

Ron Paul explains on LewRockwell.com today why government “stimulation” of the economy and job creation will only prolong the current economic problems.  Rather than allowing private enterprise to make jobs with the lack of impediment necessary for a free and prosperous economy, “[p]oliticians and bureaucrats have already done their fair share to ensure that jobs in the private sector are prohibitively complicated and expensive to create.”

Then, of course, government rushes in to save the day with make-work jobs which both cost the taxpayer and produce nothing of value.  A classic New Deal era example of this, of course, are the sand dunes which cover the Outer Banks of North Carolina.  Built by the Civilian Conservation Corps in the 1930s,  these dunes were meant to stop erosion and widen beaches but have since been shown to exacerbate exactly the problems they were meant to cure.  The incoming administration promises more of the same, as the next stimulus package approaches $850 billion by one calculation.

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