A conservative economic critique

Does stimulus cure recession? | Adam Smith Institute: Any economy is always in transition and this means, inevitably, some attendant additional idleness. Usually this “unnecessary idleness” is relatively small; sometimes, like now, it is not. But it too is transitionary. The problem with all talk about “getting the economy going” is that it means getting yesterday’s economy going, which is of course a futile quest. Yesterday was a Government- induced unsustainable boom and we must not forget that in the UK pretty well any period since the last World War has featured some form of stimulation by credit expansion and thus pretty well any period features transitions which would be described more accurately as “corrections”. These corrections are merely delayed and hampered by further stimulation or even the possibility of it.