When libertarians question the merit of President Obama's stimulus package, a frequent rejoinder is, "Well, we have to do something." This is hardly a persuasive response. If the cure is worse than the disease, it is better to live with the disease.The article I point you to here is chock full ideas that are economically sound. Are they politically impossible? If they are, we're in a world of hurt over the next decade.
In any case, libertarians do not argue for doing nothing; rather, they advocate eliminating or adjusting policies that are bad for the economy independent of the recession. Here is a stimulus package that libertarians can endorse:
Saturday, February 7, 2009
From Harvard's Jeff Miron