“It didn’t work last time, so let’s do it again,” seems to be the thinking behind those who are arguing for a second stimulus package. Obviously, they never listened to their mothers. Instead, we need a different approach. If people are finding it difficult to create jobs, then the simplest solution is to remove the barriers in place that prevent them from doing so. A “liberate-to-stimulate” package would be the best option right now. Larry Kudlow’s excellent manifesto fits well with this approach. So why aren’t more people talking about it?
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About the Author
Iain Murray is vice president for strategy at the Competitive Enterprise Institute.
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