"Our MBA President" Quote of the Day
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"This money is going to help Americans offset the high prices we're seeing at the gas pump and at the grocery store, and it will also give our economy a boost to help us pull out of this economic slowdown."
--Remarks by President Bush, 25 April 2008
Of course, giving people more money to buy even more gas and groceries will only drive the demand -- and therefore the prices -- of those goods higher. And in a time of government budget deficits, giving free money to people today will only make buying gas and groceries more expensive for their children tomorrow.
No matter how great the need to "stimulate the economy" ever becomes, the need to stimulate basic economic literacy is always far greater.
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For those who need a refresher course on "Our MBA President."
--Remarks by President Bush, 25 April 2008
Of course, giving people more money to buy even more gas and groceries will only drive the demand -- and therefore the prices -- of those goods higher. And in a time of government budget deficits, giving free money to people today will only make buying gas and groceries more expensive for their children tomorrow.
No matter how great the need to "stimulate the economy" ever becomes, the need to stimulate basic economic literacy is always far greater.
---
For those who need a refresher course on "Our MBA President."
Posted by Kip on
27 April 2008
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