There’s a group that believes the best medicine is doing nothing.
Most of Washington has reached quick consensus: Government must do something big to shock the economy, and it should cost between $800 billion and $900 billion.
But dissident economists and investment professionals offer a much different take: Most of Washington is dead wrong.
Instead of fighting over what should go in the economic stimulus bill, pitting infrastructure spending against tax cuts and contractors against contraceptives, they say lawmakers should be fighting against the very idea of any economic stimulus at all. Call them the Do-Nothing Crowd.
Read the rest, I like the part about out standard of living needing to come down.
