Forbes on Nostr: Focused on Deficits, the Great Thomas Massie Misses the Real Crisis ========== On ...
Focused on Deficits, the Great Thomas Massie Misses the Real Crisis
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On March 25, 2020, Congress passed the $2.9 trillion CARES Act in response to the coronavirus pandemic. Rep. Thomas Massie was the only congressman to protest the bill. He argues that the economic crisis caused by government spending is the real crisis, not the deficit. Massie believes that an economic catastrophe must happen before his colleagues take government spending seriously. However, the author disagrees with Massie's stance, stating that the extraction of resources by the government is the economic sin, not how the resources are extracted. The author argues that the real crisis is the unseen effects of government spending, such as the lack of funding for innovative companies and advances. The author suggests that Massie should focus on the current crisis and the negative impact of government control over wealth and freedom.
#ThomasMassie #CaresAct #GovernmentSpending #Deficits #EconomicCrisis
https://www.forbes.com/sites/johntamny/2024/03/25/focused-on-deficits-the-great-thomas-massie-misses-the-real-crisis/
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On March 25, 2020, Congress passed the $2.9 trillion CARES Act in response to the coronavirus pandemic. Rep. Thomas Massie was the only congressman to protest the bill. He argues that the economic crisis caused by government spending is the real crisis, not the deficit. Massie believes that an economic catastrophe must happen before his colleagues take government spending seriously. However, the author disagrees with Massie's stance, stating that the extraction of resources by the government is the economic sin, not how the resources are extracted. The author argues that the real crisis is the unseen effects of government spending, such as the lack of funding for innovative companies and advances. The author suggests that Massie should focus on the current crisis and the negative impact of government control over wealth and freedom.
#ThomasMassie #CaresAct #GovernmentSpending #Deficits #EconomicCrisis
https://www.forbes.com/sites/johntamny/2024/03/25/focused-on-deficits-the-great-thomas-massie-misses-the-real-crisis/