Freeman

ANYTHING PEACEFUL

Gibberish at the G-20

JUNE 28, 2010 by SHELDON RICHMAN

The headline out of the G-20 summit is that, as the Wall Street Journal put it, the “wealthiest of the Group of 20 countries said they would halve their government deficits by the year 2013 and ‘stabilize’ their debt loads by 2016….”

But this didn’t prevent President Obama from urging the assembled government heads to expand government spending — in order to create jobs and economic growth, of course.

In other words, spend more now, reduce the deficits later.

We shouldn’t expect the emergence of sound economies¬† — or even coherent statements — until the politicians drop their presumptuous belief that they can produce prosperity.

ABOUT

SHELDON RICHMAN

Sheldon Richman is the former editor of The Freeman and TheFreemanOnline.org, and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families.

comments powered by Disqus

EMAIL UPDATES

* indicates required

CURRENT ISSUE

October 2014

Heavily-armed police and their supporters will tell you they need all those armored trucks and heavy guns. It's a dangerous job, not least because Americans have so many guns. But the numbers just don't support these claims: Policing is safer than ever--and it's safer than a lot of common jobs by comparison. Daniel Bier has the analysis. Plus, Iain Murray and Wendy McElroy look at how the Feds are recruiting more and more Americans to do their policework for them.
Download Free PDF

PAST ISSUES

SUBSCRIBE

RENEW YOUR SUBSCRIPTION