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The Real Cause of the Current Economic Crisis and Its Cure

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DEPT. OF CURE WORSE THAN DISEASE
"The government’s attempt to solve and/or ameliorate the current crisis will only make matters worse, because it is attempting to solve the crisis with the very same policies that caused the crisis--namely, excess fiat money credit expansion," Barron writes. And we agree. The critical thing to understand about bailouts and the government-led rescue of industries ranging from finance to autos to housing is this: "Since the government can spend only what it takes from the people, its increased spending will drive the people to poverty even if the spending is on what many might consider worthy infrastructure projects,"Barron points out. By definition, the government can only spend what it gets, or takes, from the people. Think about that.

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