Bailouts and Economic Pragmatism

by | Quotes

“… the recent worldwide economic downturn will, predictably, generate a demand that Washington “do something,” and Washington will respond with a whole series of programs, laws and expenditures allegedly designed to improve matters. Few, if any … will work, but they will have the collective effect of putting government’s weight on the scales against the economy’s own healthy tendency to right itself. In a few years, we will learn all over again why we acquired our previous deep distrust of government “solutions.””

Source: The Conservative Advocate,”Here Comes Big Government” (October 21, 2008)

Keywords: economics,policy,governance

Author

  • William A. Rusher (1923–2011), publisher of National Review (1957–1988), was a leading conservative spokesman, columnist, and author. He helped draft Barry Goldwater for the 1964 GOP nomination, shaping the party’s future. A Princeton and Harvard Law graduate, he served in WWII, worked in law, and advised the U.S. Senate. In 1989, he became a Distinguished Fellow at the Claremont Institute and remained active in conservative circles until his passing in 2011.

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