The economic paradox of our time

Businesses, which are the most thoughtful allocators of capital are being tight with their cash, yet the government which is the most inefficient allocator of capital is going hog wild. We need the opposite: the government should lower taxes and cut back on spending, and businesses need to pour cash into the economy. Does anyone in Washington realize the former would immediately give businesses the confidence to do the latter? The result would be more production, innovation, jobs and disposable income. It’s so simple.

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