Saturday, May 16, 2020

Losing Our Fears, in War and Plague.

Excerpt: Does World War II offer any lessons regarding our wrecked economy and staggering unemployment from the lockdown reaction to the coronavirus? Perhaps. Government cannot restore prosperity. Only entrepreneurs and risk-takers can. Americans must master their fears of the virus and dare to go back to work. Otherwise, locked-down states will continue to borrow to pay out public assistance without creating wealth from labor, production, and investment. Bankrupt states will beg the federal government to print money that it doesn’t have for bailouts to pay those who are not working and not creating collective wealth. The media must stick to reporting on the virus and the ailing economy. Their often-petty obsessions with destroying President Trump are long past monotonous.

No comments:

Post a Comment