There's No Pain-Free Cure for Recession

News Type: Opinion — Seeded on Tue Dec 30, 2008 5:24 PM EST

Article Source: Wall Street Journal

us-news, economy, money, recession, bailouts, peter-schiff

As recession fears cause the nation to embrace greater state control of the economy and unimaginable federal deficits, one searches in vain for debate worthy of the moment. Where there should be an historic clash of ideas, there is only blind resignation and an amorphous queasiness that we are simply sweeping the slouching beast under the rug.

With faith in the free markets now taking a back seat to fear and expediency, nearly the entire political spectrum agrees that the federal government must spend whatever amount is necessary to stabilize the housing market, bail out financial firms, liquefy the credit markets, create jobs and make the recession as shallow and brief as possible. The few who maintain free-market views have been largely marginalized.

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Wes4America

The FED and government bailouts are exacerbating our current economic problems. The very people that once said everything is fine are now enacting the solutions?

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1 vote

#1 - Tue Dec 30, 2008 5:28 PM EST

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WES4AMERICA

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There's No Pain-Free Cure for Recession

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