Archive for Germany
The Fallacy of the Stimulus (And Why Obama is Full of It)
Posted by: | CommentsA “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→
Big Government Spending Does Not Lead to Improved Economic Growth
Posted by: | CommentsMany politicians attempt to convince us that big government spending leads to economic growth and prosperity. Among the most egregious recent examples of this is the rhetoric of Nancy Pelosi. To Nancy Pelosi, every government spending results in more jobs and prosperity. Cap and Trade is about “jobs jobs jobs” to her, and the fact that it would bring up the cost of doing business and everything else is of no consequence. Some government spending for safety and order does facilitate... Read More→
