We have a tragic history of making government mistakes about monetary policy and fiscal policy. I have no reason to believe that will end. If I were going to make prognostications about the economic future, I would bet we will keep on making mistakes. The main point about the future is that it’s usually a lot like the past.
But occasionally the river of history jumps its banks. World War I. The Great Depression. Nazism. World War II. The atom bomb. Communism. Genocide. The terrifying part is that they all begin with an appeal to good sense and even human kindness, so writes Ben Stein in The American Spectator.
Ben Stein is a writer, actor, and lawyer who served as a speechwriter in the Nixon administration as the Watergate scandal unfolded. He began his unlikely road to stardom when director John Hughes as the numbingly dull economics teacher in the urban comedy, "Ferris Bueller's Day Off." Read more more reports from Ben Stein — Click Here Now.
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