Small Business Owners Say Their Companies Will Emerge Strong From Recession - ACA International, Gol Improves 2009 Demand Outlook, Posts Third-Quarter Profit - Bloomberg, Cosi, Inc. Reports 2009 Third Quarter Results - CNNMoney.com (press release), Dow hits 2009 high, Wall Street surges on recovery measures - AFP, Collectors Universe Reports Results for First Quarter Ended September 30, 2009 - CNNMoney.com (press release), Smartphones beat recession, Nokia still on top - Ars Technica, and 174 more...
At first, I was puzzled by the idea that the government shouldn’t have done anything to intervene during the recession. The debate rages. Some believe that government should do nothing, and scale back as far as possible, especially taxation, so that the market can take care of itself. Others believe the government should launch huge works projects, or works projects that pay as little as possible, so that there's at least a fall back. However, government butting in on every action does no good save for those doing the butting, and for every action has a consequence. If there's too much government intervention for debt relief – we cripple ourselves to save ourselves, and empower the wealthy over the working.
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