Summary
[...] the current downturn may be all but over, and doing too much, not too little, is the real danger. Working with Congress, it could mandate trade protection, increase tax rates, divert resources from productive private investment to uneconomical government-sponsored activities, intrude in the management of major industries, or prosecute business people to make populist political points.
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Extract
Stimulus an Unnecessary Danger
Comparing our current situation with the Depression is wrong. In fact, the current downturn may be all but over, and doing too much, not too little, is t...
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