Principle #14 - WHEN IN DOUBT, DO NO HARM.
If it ain't broke, don't fix it.
These bail outs and particularly the Stimulus Bill is doing harm to an economy that the current administration admits: "We haven't seen a crisis like this before."
They're failing to bring to light that they know if you spend , print, and borrow the amount of money that they have passed through Congress, you create a situation that is perfect for inflation (even hyper-inflation) to occur. The problem for America is the inflation does not immediately manifest itself, so you cannot evaluate failed policies in real time. However, there are real-world examples from history that shows you cannot spend, borrow, and print your way to prosperity. As always, slow and steady economic growth, born from good sound business practices, is the best path to prosperity. There is nothing sound about reckless spending, borrowing over 5% of our GDP, and printing over a trillion dollars.
