I opened my local free paper they hand out at the bus stations this morning and was delighted with a story the forwarded from Reuters.(another source here)
Dallas federal Reserve president Richard Fisher says
“Protectionism is the crack cocaine of economics” …
“It provides an immediate high that leads to economic death. we cannot afford to go down that route”
He says this in a warning against the “Buy American” provision in the Obama stimulus package. Which do to widespread critisism is being debated in Washington.
This comes after less colourful but just as slighting criticism filed this weekend by the Cato Institute. They found a whole bunch of economists that don’t agree with Barack and other knee-jerk bureaucrats , and posted a one page ad in the NYT and Washington post as well as others.
I’m sure there are other complaints the past week or so, but these are my favorite.