Sheldon Richman on the Economic Lesson Obama Needs to Learn

|

Credit: White House / Flickr

President Barack Obama is again turning his attention to the elusive economic recovery. His "pivot" will be for naught, however, writes Sheldon Richman, as long as he continues to ignore two important points: first, government is a major squanderer of scarce resources, and second, its regulations are impediments to saving and investment.