Archive for June, 2011
Jun
16
The Fallacy of the Stimulus (And Why Obama is Full of It)
Posted by: Capitalist in Chief | Comments (3)A “stimulus” is money spent by the government in order to kick start the economy. The basic premise is simple: The government spends money on purchasing goods and services, which lands in the hands of businesses and workers, who in turn have more money to spend, they buy things, and presto, the economy is booming again. If it only were that simple. What’s wrong with it? Oh, just the usual. Negative side effects and unintended consequences of government action. When the government... Read More→
Categories : Obama Exposed, Why Socialism Doesn't Work
Comments (3)