Quote of the day–Robert Higgs

For the economy in general, doing nothing is vastly preferable to doing the stimulus package, but doing nothing is not a political option; indeed, it would be political suicide. Given the dominant ideology and the political institutions that now exist, economically rational public policy is incompatible with political viability…. Having hit bottom, the politicians can only do one thing: keep digging. If Hell is down there, they’ll reach it, sooner or later.


Robert Higgs
Senior Fellow at Independent Institute
The Lighthouse Volume 11, Issue 7: February 16, 2009
[I was tempted to just use “rational public policy is incompatible with political viability” as the QOTD, but the mention of politicians attempting reach Hell was just too appealing.–Joe]