President Alfred E. Neumann is on television announcing his economic recovery program for the damaged Gulf region: to provide tax incentives for those who invest in rebuilding. In his words: “if you want to grow something you shouldn’t tax it.” His audience – and the man speaks only to his supporters – cheered what, to them, must have been evidence of the farsightedness of sound political leadership. Perhaps the man will win the Nobel Prize in Economics for discovering that a reduction in looting will stimulate creativity and growth. Just imagine how productive the rest of the country – even … Continue reading The Great Recovery Plan