The problem with the so-called stimulus bill isn’t that it’s full of “pork,” bad as that is. The problem is the tooth-fairy economics on which it is based. Here’s my column on the subject.
The other day I was interviewed by Scott Horton on the economy and, by extension, on my new book Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse. Scott plays the devil’s advocate role with unnerving verve.