It’s the Debt, Stupid!

As a “stimulus” deal appears to be drawing closer, it is way past time Congress realized a crisis of excess debt cannot be solved by creating more debt. Niall Ferguson, the author of the new book The Ascent of Money: A Financial History of the World, explains in the LA Times, “Keynes Can’t Help Us Now.”

Adrian Moore

Adrian Moore, Ph.D., is vice president of policy at Reason Foundation, a non-profit think tank advancing free minds and free markets.