It was just a little over 10 years ago at the height of the 2008-2009 financial crisis that House Speaker Nancy Pelosi said one of the dumbest things in modern times. The best way to stimulate the economy, she declared, was with “unemployment insurance and food stamps.” Right. Paying people not to work will get more people to work.

Now, here we go again. In the throes of the COVID-19/financial crisis, Pelosi is still spreading her economic pixie dust. Maybe it is just an inviolable rule of politics that politicians never seem to learn from their past mistakes.

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