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The Lastest Wisdom from Thomas Sowell 26 May, 2009

Posted by David Anderson in Economic Policy, Tax Hikes.
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From Thomas Sowell’s Random Thoughts column.

If increased government spending with borrowed or newly created money is a “stimulus,” then the Weimar Republic should have been stimulated to unprecedented prosperity, instead of runaway inflation and widespread economic desperation that ultimately brought Adolf Hitler to power.

Just days after Colin Campbell (Powell) informed us that the American people were willing to pay higher taxes in order to get government services — and that Republicans therefore needed to stop their opposition to taxes — California voters resoundingly defeated a bill to raise taxes in order to pay for the many government services in that liberal state.

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