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Wednesday, April 15, 2009

Obama Defends Reinvention of Economy


“As he spoke about the economy on Tuesday, President Obama invoked the parable in the Sermon on the Mount about two houses, one built on sand only to be blown away in a storm and another built on rock impervious to the swirling winds. Mr. Obama was trying to explain why he wants not only to revive the sagging economy but to virtually reinvent it with sweeping changes in health care, energy and education. Without deeper reform, he argued, the economy would only topple again later.” (New York Times, Wednesday)

If he can’t get the diagnosis right, he’s unlikely to find the cure.

FEE Timely Classic
“Planning Threatens Freedom” by C. Brandon Crocker


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