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Readers' forum: Job stimulus is welfare

Money in itself is neither good nor evil. Money is merely an instrument necessary to economic commerce. That instrument can accomplish great good in the hands of a wise philanthropist. But much evil and suffering result when money loses its value via foolish government policies — see Juan Peron's Argentina, Sen. Bob Bennett's Fannie Mae and Freddie Mac and the president's affection for Keynesian stimulus programs.

The creation of a jobs for which there is no real underlying demand is merely a disguised form of welfare.

Frank Gardiner