→ When Doing Nothing is the Better Plan

Thomas Sowell:

History tells a different story. For the first 150 years of this country’s existence, the federal government felt no great need to “do something” when the economy turned down. Over that long span of time, the economic downturns were neither as deep nor as long-lasting as they have been since the federal government decided that it had to “do something” in the wake of the stock-market crash of 1929, which set a new precedent.

I am sure that raising taxes on small businesses and providing huge new entitlements will help things though, right?