Bullseye

Politicians and their hired-gun economists are aiming their stimulus proposal at the wrong target. With sights zeroed by lazy Keynsian theory, they desire to stimulate consumption (aggregate demand). But consumption doesn’t make us richer.

Steve Sailer sees the true target and punches out the 10 ring:

So, the real question is not how do we stimulate consumption once again to unsustainable heights, but: How do we become more productive? How do we make more stuff that people want to buy? How do we get better at creating more wealth?

What we consume might come from anywhere. Much, maybe most, of the $900 billion proposed would buy less-costly foreign resources with value added by less-costly foreign labor. China, Brazil, Canada and Kuwait would certainly benefit from increased demand by the United States. In contrast, all the wealth Americans create is ours to keep.