Tuesday, October 28, 2008

An Opposing View On The Bailout

I ran across this column, by Arthur Laffer, the guy who made the Laffer curve known, and a leading proponent of tax cuts to encourage economic growth. Some people think he is right, some think he is wrong. I always like starving the government of money to keep it disciplined, but then they go and spend in deficit with no compunction.

Personally, I have no confidence in government doing what is best for the economy, but great confidence in the economy to survive anyway. The bailout will look less and less like a good idea in the several years, but if it didn't occur, what would really be happening now is an interesting speculation.

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