A
stimulus ought to be a genuine job generator. Experience shows it
should work quickly and be practical, not to be effective after the
eventual, normal recovery would have occurred. After all, there are
frequent normal cycles in an economy.
Moreover,
a real stimulus will not change the country’s political and social
infrastructure. To many politicians, a stimulus is the hope of
political opportunity.
The
stimulus should not be an excuse to provide political payoffs. A
stimulus is not supposed to promote voter turnout or change the form
of government. And it certainly should not cause inflation to endanger
our children and grandchildren in the future. (See
the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at
Twitter.)
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