September 8, 2010

How You, Mr. President, Can Speed Recovery

Jeff Harding, Minyanville

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Until the economy starts growing again, these problems will persist.Unless we understand the causes of our problems, solutions aren't easy. Because you place great emphasis on “what works” rather than economic theory, I'll get to the specific issues straightaway.Here are some guiding principles for “what works”:1. Economies can repair themselves without a lot of government help. History has proven this time and again.2. Government interference in the repair process can hinder recovery or even make things worse.3. Government spending is very inefficient.4. Individuals can make better choices about what to do with their money than the government.5. Economic growth only comes from private enterprise. The corollary of this is that the government...

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