Wednesday, February 18, 2009

Campaign For Liberty — Tooth Fairy Economics | by Tom Woods

Tom Woods gives his view on wazzup with wazzup here.

Tooth Fairy Economics | by Tom Woods

We should not want to "stimulate" an economy based on debt and overconsumption back into existence. We should want to restructure it along sustainable lines.

It is kind of like patching a flat tire on a bicycle then pumping more air into it. Throw away the tube, get a new one, put air into that.

This is a "Weekend At Bernie's" fix.

His book is really good, and honestly a little scary. You can get the first chapter free here.


Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse



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