In today’s Washington Post, Steve Landsburg speaks much good sense about so-called "economic stimulus." Here are the closing sentences:
Ultimately, the only solution to unemployment is for displaced
workers to get retrained and find their way back into the workforce.
The new stimulus package only delays that process by propping up dying
industries for a while and postponing the day of reckoning. Ultimately,
there will be just as much hardship because the stimulus package can’t
last forever. Why spend all this money trying — and probably failing
— to delay the inevitable?
