The Economic Patriot Act

Steve Horwitz totally nails it:

This [the stimulus bill] isn’t just your run-of-the-mill pork.  What we are seeing happen right now is that Congress sees this crisis as an opportunity to enact a whole variety of programs that they’ve wanted to pass for years, especially (but not only) the Democrats who no longer fear a veto, and now finally have the chance.  Just as the Patriot Act was a bunch of laws waiting for a political “crisis,” so is much of the stimulus package a bunch of programs waiting for an economic “crisis.”  The current crisis is just a convenient excuse.

Disaster dirigisme.

Author: Will Wilkinson

Vice President for Research at the Niskanen Center