Stimulus Package Is an Income Redistribution Scheme, Not an Income Expansion Scheme

Joseph Haslag, economics professor at the University of Missouri–Columbia and executive vice president of the Show-Me Institute, explains in for KBIA 91.3 FM in Columbia that real economic stimulus comes from thousands of little things, a wide array of market actions and decisions that can’t be anticipated or controlled by a centralized plan. “It will take some time for balance sheets to heal,” Haslag concludes, “but it will happen. Citizens should refrain from idly waiting for the illusory salvation of the stimulus package.”