“Imagine a set of government policies deeply harmful to the economy — in this case, the continued monetary and fiscal stimulus from the Fed and Treasury that is perpetuating the malinvestment responsible for the recession. Which is worse, a belief that these bad policies will continue ad infinitum, giving people incentives to make bad economic decisions, or uncertainty about whether the bad policies will remain in place, possibly discouraging people from making the bad decisions?”
http://bastiat.mises.org/2013/10/my-question-for-simon-johnson/
Related posts:
5 Horrifying Truths About Being a Medical Doctor
America – Land of the Free?
Now That Hybrids Have Become Popular…
The Truth About SwedenCare
A New Yorker's view of gun control
Creating a Culture of Denunciation
Obama, Former Civil Rights Attorney, Shreds Constitution
These False Flags Were Used To Start A War
Doug French: Signs That It’s Time to Head for the Exits
Oligarchies Masquerading as Democracies
Digital Diversification: How to Do It
Psychopathic Kyriarchy – Our Rulers Really Are Unempathic Predators
All Government Policies Succeed in the Long Run
On Target Pressure Points: Educational Compliance
Obamacare, Stimulus, and Other Disasters