Thought Of The Day: The Idea That Government Spending Drives Economic Growth Should Be Dead

by John Hawkins | August 2, 2011 12:01 am

If government spending were enough to make the economy hum, we should already have the fastest growing economy on earth. The fact that the economy’s limping along while we’re spending so much borrowed money that it’s pulling us towards bankruptcy should be enough to kill the whole Keynesian stimulus idea dead as a doornail.

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