Scholars warn that fiscal prudence will tank world economies. "This is not the time," goes the cry. Even such astute observers at Evans-Pritchard at the Telegraph have been caught up, "The US, Britain, and Europe are together embarking on a sudden and severe tightening of fiscal policy, in unison, before economic recovery has reached safe take-off speed," he laments.
In fact, for every dollar lost to the "tightening of fiscal policy," a dollar and a half will be gathered from the emboldening of the spirit of free enterprise. The private sector simply punts when overwhelmed by big gov’t.
When gov’t is on the wane, free enterprise takes heart.
So should we.
Robert Craven
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