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	<title>Comments on: Has the Stimulus Worked?</title>
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		<title>By: Richard</title>
		<link>http://novafortnightly.com/2010/03/05/hast-the-stimulus-worked/comment-page-1/#comment-5944</link>
		<dc:creator>Richard</dc:creator>
		<pubDate>Thu, 19 Aug 2010 15:24:28 +0000</pubDate>
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		<description>Today, the associated press announced that joblessness is at it&#039;s highest peak in 9 months, and has been steadily rising over the past year.

The thing about a stimulus packages of this size is that while it might help in the immediate time frame, it also creates an even larger bubble and more debt -- something we will have to deal with in several more years -- and by the time it&#039;s positive effects wear off, and people are back in trouble, the new recession caused by the hasting actions of Keynesian economists is even larger and more destructive than the last.

Stimulus packages do not attack the root of the problem: the policies that allowed the recession to happen in the first place, which are generally characterized by intensive government involvement in the private sector of business, as well as inflationary spending (caused by extended periods of artificially low interest rates) managed by an unregulated federal reserve. 

It&#039;s kind of like taking Advil for a broken leg and not putting a cast on it: sure, you might feel a little better for an hour, but one week later, your leg is healing incorrectly, your pain is has been increased to the Nth degree, and fixing the problem has now become a lot more difficult (and expensive) than it was one week ago.</description>
		<content:encoded><![CDATA[<p>Today, the associated press announced that joblessness is at it&#8217;s highest peak in 9 months, and has been steadily rising over the past year.</p>
<p>The thing about a stimulus packages of this size is that while it might help in the immediate time frame, it also creates an even larger bubble and more debt &#8212; something we will have to deal with in several more years &#8212; and by the time it&#8217;s positive effects wear off, and people are back in trouble, the new recession caused by the hasting actions of Keynesian economists is even larger and more destructive than the last.</p>
<p>Stimulus packages do not attack the root of the problem: the policies that allowed the recession to happen in the first place, which are generally characterized by intensive government involvement in the private sector of business, as well as inflationary spending (caused by extended periods of artificially low interest rates) managed by an unregulated federal reserve. </p>
<p>It&#8217;s kind of like taking Advil for a broken leg and not putting a cast on it: sure, you might feel a little better for an hour, but one week later, your leg is healing incorrectly, your pain is has been increased to the Nth degree, and fixing the problem has now become a lot more difficult (and expensive) than it was one week ago.</p>
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