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January 30, 2009

Sowell on Slow Stimulus

Nice quote from Thomas Sowell on slow stimulus programs:

"Using long, drawn-out processes to put money into circulation to meet an emergency is like mailing a letter to the fire department to tell them that your house is on fire." 
    - Thomas Sowell on the CBO's analysis showing only $26bn of Obama's $355bn public works package will be spent this year, 30/01/09.

[via Popular Delusions]

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