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Successful Government Stimulus PDF Print E-mail
Tuesday, 29 June 2010 00:00

On Monday, June 28, Rush Limbaugh stated on his radio show that he would like someone to name one government stimulus package in the history of the world that has ever worked.

Actually, I can think of one. A great one. One that was instituted in Virginia over 200 years ago by a brilliant governor. It didn't cost the government a dime, and it didn't involve raising taxes. Nobody borrowed money from a foreign power to distribute. And no new government agencies were needed to oversee it.

The effect it had on the economy, however, was immediately successful. Unemployment dropped to almost 0 percent. Production saw a dramatic increase. And over the course of a year, the economy had so dramatically improved that the entire population under this governor's jurisdiction was literally rescued from certain starvation and death.

The name of the program? "If You Don't Work, You Don't Eat," implemented by Captain John Smith of Jamestown, Virginia.

Now I'm just wondering how many more modern "stimulus packages" it will take before history repeats itself.

 
 

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