Frank Shostak is one of our favorite economists because he talks plain-sense. In a recent essay he wrote for Mises Institute, he explained why the government’s huge stimulus efforts have failed to stimulate much of anything. To make matters worse, says Shostak, if the feds continue down this path, seeding the banks with yet more money from nowhere, it will effectively destroy the real-savings base that is absolutely crucial to any recovery. Click here to read his essay.
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