Trying to fix a depression it is not only expensive…. The US government spends $1.60 for every $1 it receives in taxes. This is a recipe for a disaster, not for a recovery.
Worse. It actually prevents a real recovery from happening, by blocking the market’s natural self-healing system
Let us ask you this, dear reader: what’s the cure for a depression?
Answer: a depression!...
The unemployment problem is a “tough nut to crack,” says The Financial Times.
Of course, we could fix the jobless problem overnight. But people wouldn’t appreciate it. We would simply remove all subsidies for unemployed people…and all restraints on hiring. Labor prices would fall fast. Within days, we’d have full employment again.
read the entire essay