This guy was aware (of the economic mess) and wrote about it.

[jueco2005]

http://mises.org/articles.aspx?AuthorId=793

In the above page I have provided you with plenty of good material regarding good monetary policy.

-I disagree with the author about going back to gold.
-Despite being libertarian extremists, the Mises guys have a lot to teach the FED about money.

 

[Tigerjaw]

Here's a link on that same website that addresses the economic stimulus proposals

http://mises.org/story/3310

 

[texrex2002]

Quote from Tigerjaw:

Here's a link on that same website that addresses the economic stimulus proposals

http://mises.org/story/3310

Unfortunately this guy's explanation breaks it down to such a basic level that it ignores the time lag between deficit spending and taxation to repay (or maybe doesn't even address it, now that I think about it).

What he said would be very true if the govt couldn't run deficits (which most seem to be able too, last time I checked).

I'm all about small government, but this guys argument doesn't do that mindset any benefit...

 

[jueco2005]

True..........did you also check the other link??

http://mises.org/articles.aspx?AuthorId=793

Quote from texrex2002:

Unfortunately this guy's explanation breaks it down to such a basic level that it ignores the time lag between deficit spending and taxation to repay (or maybe doesn't even address it, now that I think about it).

What he said would be very true if the govt couldn't run deficits (which most seem to be able too, last time I checked).

I'm all about small government, but this guys argument doesn't do that mindset any benefit...