Government Action Can’t Save the Economy

Physician on a Mission Podcast
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In this episode of “Physician on a Mission,” Dr. Veltmeyer examines the record of so-called federal “stimulus” programs to jump-start the economy. In the context of the recent multi- trillion dollar COVID-19 “stimulus” packages, Dr. Veltmeyer questions whether such massive borrowing and money-printing by Washington will only result in slower, not faster, economic growth in the long-run as well as run the risk of runaway inflation. He references the failures of President Obama’s 2009 “stimulus” bill as well as President Bush’s TARP bailout of the big banks and even the failure of FDR’s New Deal programs to cure the Depression of the 1930s. Government cannot create wealth or prosperity; it can only redistribute the wealth and prosperity of others.

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I am a family physician and past Congressional candidate in San Diego, CA. I am on a mission to find smart, common sense solutions to many of our most challenging problems as a society.

I am a proud legal immigrant to the United States, arriving here when I was just eleven years old.

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