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Can't Tax Way to Prosperity PDF Print E-mail
Written by Ryan Goodenough   
Monday, 28 July 2008 08:25

Senior Research Fellow Richard Ebeling was featured in Saturday's Boston Herald in a piece titled Can't Tax Way to Prosperity.  In the article, Dr. Ebeling argues how "government-to-the-rescue programs" may cause more problems than they solve:

"The Conference Boards Consumer Confidence Index declined in June to just 50 percent, its lowest level in 16 years and about half of what it was a year ago. That’s not surprising given rising food costs, skyrocketing oil prices and home mortgage troubles.

It’s tempting in such situations for voters to demand action from Washington. And the pols usually are only too willing to oblige. Even now Congress is debating a $300 billion housing bill to bail out Americans unable to make their mortgage payments."