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News Link • Philosophy: Capitalism

How the Feds Sedated American Capitalism

• by Bill Bonner

Want to know why tax cuts, spending increases, and EZ money from the Fed don't work? Wonder how the feds could add $4 trillion in new money, suppress interest rates below zero for an entire decade, add $13 trillion in deficit spending, and still end up with the weakest expansion ever?

What's the matter with "stimulus," anyway?

Try this experiment at home. Tell your teenager that he will get $5,000 a month for the rest of his life, and a lifetime supply of marijuana. See how that stimulates him. Think he'll study harder… work harder…?

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