Innumerable arguments and research have been produced showing that government stimulus is useless. Despite what President Obama and his cheerleaders in the academy, like Princeton’s Paul Krugman, seem to believe (or at least say), there is no evidence that government stimuli do anything to restore market activities. Such policies merely take funds from the right pocket and put it into the left while most often the transfer entails wasting a lot of resources so the net effect is widespread
This entry was posted in Uncategorized and tagged @CLIibertyC #CLCs, Austrian economics, Constitutional Liberty Coalition, Daily Bell, free enterprise, free market, government stimulus, Limited Government, Paul Krugman, president obama, Princeton, Redistribution of wealth, The Daily Bell, tibor machan. Bookmark the permalink.