The War on Recession

Llewellyn H. Rockwell, Jr. / LewRockwell.com:
We all want to live well and no one wants their living standard to decline. That makes sense, right? It's just the way we are made. What does not make any sense is the strange article of faith that has descended over Washington, DC, that says that no prices must ever be permitted to decline due to recessionary pressures. All resources in the national treasury, every conceivable monetary manipulation, all efforts of every regulatory body must be marshaled toward the great national goal of re-pumping the economy, which must never ever be permitted to fall even a tiny bit.

Posted by Editor at March 24, 2008 12:09 AM