Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.
Groups that rose from poverty to prosperity seldom did so by having their own racial or ethnic leaders to follow.
If increased government spending with borrowed or newly created money is a 'stimulus,' then the Weimar Republic should have been stimulated to unprecedented prosperity, instead of runaway inflation and widespread economic desperation that ultimately brought Adolf Hitler to power.
American prosperity and American free enterprise are both highly unusual in the world, and we should not overlook the possibility that the two are connected.
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