Corporate & Securities Law

Is the Stimulus Package Obama’s Patriot Act?

Why are the proponents of the stimulus package so reluctant to have a serious, non ad hominem-laden debate about whether it will, in fact, stimulate the economy? Because that’s not really its point. As Steve Horwitz explains:

Bottom line: the more that those of us who are skeptical continue to even refer to this as a “stimulus” plan, the more we play into the other side’s hands. This isn’t a stimulus package, it’s a whole bunch of programs designed to extend the state’s role in the economy and in our personal lives, and to do so at enormous cost to us, and to our children and grandchildren. Let’s challenge the rhetoric of fear and crisis and name this for what it is: the current majority’s attempt to do exactly what the Bush Administration did post-9/11, which is to use fear and crisis to pass programs that will impoverish us and curtail our freedoms, and to do so with the minimum of serious debate possible.

Go read the whole thing.

Full post as published by Truth on the Market on January 26, 2009 (boomark / email).