The economy is on everyone's mind. How do we get people back to work? There are two choices. First, have the government spend more money. Second, grow the private sector through tax reduction and government spending cuts. Which works?
Let's go back in time to 1847 when the Mormon pioneers entered the Salt Lake Valley. They were experiencing a profound depression. The Salt Lake Valley was a desert; no homes, no businesses, and no farms. What did the Mormon pioneers do? Did they start printing money or start working?
The answer is obvious. They started working, building homes, planting gardens, cutting timber etc. Money would have served no purpose. There was nothing to buy. The solution to our current deep recession is the same. Start working. How? Read the next post.
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