Monday, February 16, 2009

POLITICALLY INCORRECT, BUT RIGHT, ECONOMICS

I just read a post by economist Robert Murphy, author of "The Politically Incorrect Guide to Capitalism," on Mises.org, in which he makes a good case for tax cuts to increase production rather than consumption. This is a reversal and correction of the premise on which our government based its decision to pass the Economic Stimulus Package: to increase consumer spending and thus "stimulate" the economy to recover from its recession.

To boot, Mr. Murphy is a Christian believer, and he has posted on his blog, Free Advice, a pretty good analysis of Jesus' use of parables to expose the willful ignorance of the masses listening to Him, and the inherent ability of believers to listen and "hear" with spiritual ears.

In his inaugural post on Free Advice, August 22, 2008, he says, "In the weeks ahead, I'll explain why I am so pessimistic about the U.S. economy for at least the next five years, but I'll also suggest options for you to protect your personal wealth during this storm."

Thank God for men like Mr. Murphy.
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