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Real Economics

In contrast to the pseudo-economics that is providing the underpinnings of the 'stimulus' proposals winding their way through Congress, we suggest a return to real economics.  By this we mean the economics of Friedrich Hayek and James Buchanan, both Nobel Laureates.  In today's Wall Street Journal, Dick Armey, Chairman of the Freedom Works Foundation, makes the case for listening to these real economists whose writings suggest a different course to take.  This observation says it all quite succinctly:

Taking money out of the private economy -- either through taxes or inflation -- and spending it in a way that doesn't offset the loss of money with real economic gains is worse than doing nothing.

Let's do the right thing, as suggested by real economics, and reduce government spending and taxes and let consumers keep their money so they can really stimulate the economy.




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