Pete Domenici: “They suggest that only the private sector can do what is required.…”

On the recordJanuary 28, 2003

They suggest that only the private sector can do what is required. Government cannot create wealth or expand the economy. Friedman, Buchanan, and Vernon Smith, all Nobel laureates, said increased spending to combat terrorism must be done, but to the extent that it is a lot of money, it will not help the American economy. They go on to say we need what the President is suggesting in his plan.

Said by

Pete Domenici

Source

govinfo.gov

Editor's note · Context

Discussing the role of government and the private sector in economic growth.

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Pete Domenici: “They suggest that only the private sector can do what is required. Government cannot create wealth or expand the…”

Editor's note · Context