The Dumbest Economic Policy in Modern History

Imagine this: One day on a walk in your neighborhood, you see several men in construction gear. “What are you guys up to?” you ask. “We’re rebuilding this dilapidated house!” the group’s leader responds. “It used to be beautiful, but the previous owners let it fall into disrepair.”

Admittedly, the home has been an eyesore for years. But as you watch the contractors at work, confusion and alarm set in. One guy is hauling furniture out of the living room and setting it on fire in the driveway. Another is smashing windows with a hammer and tossing glass shards into the neighbor’s yard. Yet another is holding an industrial-size hose hooked up to a tank labeled TOXIC WASTE, which he’s aiming ominously at the open front door. As the flames lick higher into the sky, you say to yourself: If these gentlemen think this is what rebuilding a house looks like, I don’t even want to know what they ...
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