The US stimulus bill falls into the same category. This package is partly based on the belief that government spending is required to stimulate the economy because private spending would be insufficient. The focus on government solutions is particularly disappointing given its poor record in dealing with crises in the US and many other countries, such as the aftermath of hurricane Katrina and failure effectively to prosecute the war in Iraq.
FT.com / Comment / Opinion - Do not let the ‘cure’ destroy capitalism
