Mises Daily
Author:
Hans F. Sennholz
Online Publish Date:
Never before in recent history have monetary and fiscal policies been as “stimulative” as today, and yet, the American economy remains weak and vulnerable. The Federal budget deficit for the 2003 fiscal year was posted at $555 billion, some six percent of GNP; it may continue to rise in coming years when new tax reductions add their weight. The