Tuesday, December 16, 2008

Gov. Spending Hurts Economy

This video by Daniel Mitchell of the Cato Institute explains why the theory that says the government should increase its spending to boost the economy, as proposed by John Keynes in the early 20th century, relies on several logical fallacies that when examined, both in theory and in practice, prove that Keynes was wrong. Educating yourself on this is especially important during this time in the history of our country.

Keynesianism Demolished - by Daniel Mitchell

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