Saturday, November 02, 2013

Best read of the year-----Henry Hazlitt on the fallacy of government stimulus

Henry Hazlitt on the fallacy of government stimulus | AEIdeas:
"MP: It’s a simple, but frequently overlooked and irrefutable fact that the only way the federal government can “stimulate” (benefit) one group is to “de-stimulate” (tax) another group.
As Walter E. Williams explained in his syndicated newspaper column this week,
“The fact that Congress has no resources of its very own forces us to recognize that the only way Congress can give one American one dollar is to first — through intimidation, threats and coercion — confiscate that dollar from some other American through the tax code.” "

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