Interesting Website

Here is a website for a bunch of economist that disagree with increased government spending at this time. A small sign of rationality and sense in a sea of utter panic.

THE STATEMENT

We economists would like to alert our fellow citizens to the inefficiency involved in increasing public expenditures in order to counter the on-going recession. Under the excuse of a false consensus and the pressure of political considerations, governments ignore the long-term consequences of their interventions.

The massive programs of expenditure and regulation that the federal and Québec government are pushing are essentially meant to satisfy the demands of organized interests.

In the light of economic theory and history, we think that those measures, far from rebooting the economy, will mortgage the taxpayers’ incomes, make producers even more dependent of the state, provide stimulus for protectionism, and set the scene for even worse turmoil in the future.

If their real goal were to promote economic growth, our governments would instead choose to shrink the impediments to investment, work and production, especially by reducing the fiscal and regulatory burden of individuals and businesses.