How Congress Can Stimulate the Economy
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They talk like government spending can actually stimulate growth, but that's not true. Government "stimulus" spending only makes things worse.
Since government spending is by its nature consumption spending, it's simply not possible for government to create jobs without first destroying jobs in the process, by draining capital away from already productive businesses.
For more on how stimulus spending destroys the economy, please see this article: 'The "Economic Stimulus" Myth'
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congress can get out of the way if they want to help the economy!
blessedvic 3 years ago 4
"The path to recovery is clear: cut taxes permanently, eliminate government programs, balance the budget, eliminate regulation, free the entrepreneur, establish free trade, eliminate the Federal Reserve, and return to the gold standard. The economy would recover before Congress could finish reciting those 28 words.", from the article "Unhinged" by Mark Thornton.
learninglemur 2 years ago