6 02 2009

I have decided to keep a record of my letters to the editors here.  Because I often forget what I have written or sent, and because lately I haven’t had a good strike rate with getting published:

This was my latest:

The government has dishonestly called its latest display of $42 billion worth of ignorance a “stimulus” package. 

Unfortunately, in reality they are (again) trying to throw petrol on a fire in their feeble attempt to put it out. 

Forced wealth re-distribution will not stimulate the economy and never has. 

Those who wish to blame “evil” capitalists should wake up and see the mixed economy reality.  Governments long ago monopolized banking (ie: the federal reserve) and over the last few decades we have seen exponential growth in property rights violations through economic regulations.  The world can only take so much unnatural violations of human freedom.

We should learn from the US experience.  Their government intervention eg/ the implicit guarantees of tax payers to rescue Fannie Mae and Freddie Mac, the Community Reinvestment Act, the guaranteeing of risky mortgages with taxpayer money through the Federal Housing Administration and of course the terrible US Federal Reserve policy which is still continuing to inflate the currency were the causes of this mess.  To think more government meddling will help is a tragic fantasy.



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