Tuesday, June 22, 2010

Economic Lessons

Matt writes:
Substantively, skimping on short-term stimulus doesn’t reduce the growth rate of health costs nor does it slow the aging of the population, so you’re not achieving anything on long-term fiscal challenges.

This is kinda like saying there's no reason not to spend money today because I'm still going to have trouble making the mortgage payment next month anyway. Apparently, Matt has never heard of the first law of holes -- If you find yourself in one, then you stop digging.

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