Stimulating Silliness in Washington

Professor Allen Parkman over at the University of New Mexico is one of the most sensible academics I’ve ever met. He has an excellent article in today’s Albuquerque Journal discussing the federal stimulus boondoggle now moving to the US Senate.
As Parkman writes: “Under normal circumstances, there are pressures for the federal government to consider the benefits and costs of projects. That is less likely with the stimulus plans. The federal government is going to spend funds on a lot of projects. Some will be highly desirable, some less desirable, and some — in retrospect — probably undesirable in an attempt to stimulate the economy and create jobs. Seldom will efficiency — benefits versus costs — be a concern.”
Congress should abandon this costly and unwise stimulus and instead let the economy recover on its own terms in the absent of additional government meddling.

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