Budget sequestration is as modest a step toward cutting Leviathan as one can imagine. Further progress will be difficult as long as people believe that slashing the size of government conflicts with reviving the economy. Nothing could be further from the truth.Read it here.
I agree fully with the article, Sheldon. A question, with the Feds inflationary policy and the Keynesian hatred of all things deflationary, wouldn't the Fed intervene and attempt to keep prices inflated? Understanding once the US government actually cut spending and quit bidding prices up in the market, wouldn't the Fed intervene and keep the deflating prices from giving their benefit to consumers?
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