Thomas Woods writes,
“‘Stimulus” packages that encourage both private nonproductive consumption and public nonproductive consumption (i.e., federal spending) will only intensify the present crisis and hollow out the economy’s productive capacity still further. And on top of that, they seek to strengthen the economy by the obviously paradoxical means of building roads and bridges funded by more debt – like a homeowner who decides to solve his debt problem by borrowing more money to remodel his house. It makes no sense, so it’s no surprise that our leaders favor it.” (Meltdown, 147)
