samedi 27 décembre 2008

La magie économique des gouvernements

D'une seule et unique voix sur pratiquement toute la planète, les gouvernements et économistes nous disent qu'il faut 'injecter' de l'argent dans l'économie pour contrer la récession qui sévit.
Ceci nous est présenté comme une évidence, une certitude. 
Heureusement, de plus en plus de voix se font entendre pour mettre en doute cette option qui n'a comme certitude que d'endetter un pays et d'y engraisser son gouvernement.

En voici une dans le Wall Street Journal:
There's No Pain-Free Cure for Recession

I believe these ideas hold sway largely because they promise happy, pain-free solutions. They are the economic equivalent of miracle weight-loss programs that require no dieting or exercise. The theories permit economists to claim mystic wisdom, governments to pretend that they have the power to dispel hardship with the whir of a printing press, and voters to believe that they can have recovery without sacrifice.
Belt tightening is required by all, including government.
Governments cannot create but merely redirect. When the government spends, the money has to come from somewhere. If the government doesn't have a surplus, then it must come from taxes. If taxes don't go up, then it must come from increased borrowing. If lenders won't lend, then it must come from the printing press, which is where all these bailouts are headed. But each additional dollar printed diminishes the value those already in circulation. Something cannot be effortlessly created from nothing.
By borrowing more than it can ever pay back, the government will guarantee higher inflation for years to come, thereby diminishing the value of all that Americans have saved and acquired.

[...]if we put our faith in the power of government to make the pain go away, we will live with the consequences for generations.

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