Tuesday, March 12, 2013

Hope- Not Policy

I do not believe that hoping that the economy improves or that Iran abandons her nuclear ambitions are policy. They are both certainly the outcomes to be desired, but "hope" is a campaign slogan and not a strategy for creating those ends. Do fiat currency (through successive quantitative easings) and free money (through negligible interest rates) make us more prosperous or more apt to fall into inflation and then even hyperinflation? Do sanctions thwart Iran or only make the Iranian people suffer while their leaders proceed toward their atomic aspirations apace? We need to hope our leaders have more to offer than half-measures and rhetoric.

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