The great economist Thomas Sowell just wrote an article about the perils of government intervention and stimulus packages.  He writes:

Both political parties seem determined that the federal government should create a "stimulus package" of things designed to cushion a downturn in the economy.

That alone should be enough to make us remember that "the devil is always in the details," because things that are bipartisan are often twice as bad as things that are partisan.

A bipartisan intervention is virtually guaranteed to be a grab bag of inconsistent policies thrown together in order to get the votes of people with contradictory ideas of what ought to be done.

The idea of a stimulus package is based on the general notion that there are things the government could do to make things better in the economy.

Read the rest here.