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Jan. 29, 2021
A half-truth is more dangerous than a lie, the author Maxim Gorky was credited as saying. The economic plan that Prime Minister Benjamin Netanyahu and Finance Minister Yisrael Katz recently released suffers from this ailment precisely. Many statements in it are true, but only half-true – and the distinguished gentlemen, including economics professor Avi Simhon, who presented it are hiding the other half from the public.
The plan, which is basically a presentation of a few slides, opens with a quote from U.S. Treasury Secretary Janet Yellin, who supports increasing public expenditures. Based on her position, U.S. President Joe Biden announced an economic plan equivalent to 8.6% of America’s GDP.