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Keynesian Economics Is Wrong: Bigger Gov't Is Not Stimulus

    Based on a theory known as Keynesianism, politicians are resuscitating the notion that more government spending can stimulate an economy. This mini-documentary produced by the Center for Freedom and Prosperity Foundation examines both theory and evidence and finds that allowing politicians to spend more money is not a recipe for better economic performance.
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Posted by Jamison (340 days ago)
Welcome to QE. We are printing money which eventually will diminish the value of the dollar due to excessive debt and the American population will pay for this choice for quite likely the next 30 years. Any success that can possibly pay this back will come, as always, from private enterprise and small businesses growing and employing people. Evidence of large government spending exists throughout the world.

Liberal politicians support such spending because it's short term popularity and the ability to get votes to expand a more socialist agenda. Those who don't get it, will pay for it.
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Posted by whiskeyjim59 (5 years ago)
Theoretically, since the construction market died, and construction industry workers went unemployed, spending government money to rebuild infrastructure or subsidizing education to re-purpose, would have at least kept unemployment down. But if your stimulation package doesn't address the market sector that's going unemployed....
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Posted by bobdirects (5 years ago)
Good video, though the "laffer curve" references are a bit vague.



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From: ClassicLiberal
Added: 12-24-2008
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Comments: 3



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