You may think at first glance this post is about politics. It’s not. It’s about communication. It’s about how a garbled message leads to inaccurate results. It’s interesting to think about both the bailouts of the Bush administration and the Obama administration, as well as the cranking up of the Treasury printing presses, as noise in the channel.
John Stossel may make too much sense in his post “Government Sets Us Up for the Next Bust.” But it’s worth reading it all the way through.
Just for some basic background, here’s a post entitled “Does Government Spending Bring Prosperity?” Prof. Greaves may have written it in 1975, but its truths still hold today.