Eric Boehm writes about the staggering and frightening sudden growth in the U.S. government’s budget deficit . This fiscal incontinence will not end well.
For some reason, supporters of these policies refuse to accept that the world with a threatening event is different from the world a few days before without the same event. Something has changed in between; the conditions that brought about yesterday’s prices have changed – often suddenly and without warning. Why would you want to force anybody to operate today at yesterday’s prices?