Welcome to the Lost Years

One element of the tragedy of the Stimulus Bill is that it sets us on a course that will extend our economic woes for years to come. The inescapable result of government spending of this magnitude, funded by easy money supply, will be stagflation. The economy and investors, decimated by the collapse in the market, will have little opportunity to recoup their losses as long as we are mired in stagflation. Retirees trying to rebuild their nest egg, couples trying to save for a home, parents saving for college won't have the opportunity to recover financially in time for their retirement, their need for a larger home, or their children's graduation from college.

Of course, the socialists in our midst don't necessarily see this as a bad outcome. In puts big government in the powerful position of doling out retirement pensions, housing, and education. And the more we rely on government for our day-to-day needs, the more freedom we will be willing to cede to it.