Saturday, October 23, 2010

Spending money for infrastructure

"Spending money for infrastructure is another time-consuming way of dealing with what is called an immediate crisis.   Infrastructure takes forever to plan, debate, and go through all sorts of hearings and adjudications, before getting approval to build from all the regulatory agencies involved."

"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."

"If you cut taxes tomorrow, people would have more money in their next paycheck, ...


-- Thomas Sowell "What are they buying?"

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