Cato's Letter: Jeffrey Miron - In defense of doing nothing

by Rick Lowe (http://www.weblogbahamas.com) 

Jeffrey Miron, Senior Fellow at the Cato Institute  and director of undergraduate studies in the department of econmics at Harvard University get's it right. At least from my point of view.

"The stimulus was not about improving economic efficiency but about distributing funds to favored interest groups. If the administration was really concerned about education, for example, it should have promoted policy changes that improve outcomes while saving money, such as reduced restrictions on who can become a teacher. The administration instead chose to shovel money to the teacher’s unions."

Read the entire piece here... (PDF)