February 22, 2009

JERRY POURNELLE: “The economic forecasts are gloomy despite the hastily passed stimulus package; and we haven’t seen what new regulations are hidden in the stimulus package. I doubt that anyone has read the entire bill even yet. The best way out of this mess is the German Economic Miracle way: suspend regulations. All regulations. Make it easy to start new companies. Let ingenuity work to allocate capital. Of course we won’t do that.”

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