When Governments Cut Spending
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Uploaded by LearnLiberty on Sep 28, 2011
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Do governments ever cut spending? According to Dr. Stephen Davies, there are historical examples of government spending cuts in Canada, New Zealand, Sweden, and America. In these cases, despite popular belief, the government spending cuts did not cause economic stagnation. In fact, the spending cuts often accelerated economic growth by freeing up resources for the private sector.
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As much as I hate comparing one country to another ... I do agree we need our budget put under control. It's not just the spending, it's spending too much on things that really should not cost much at all.
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Keynes was wrong how long will it take for people to realize this?
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It has everything to do with what he's pointing out. He's making references to numbers that are inflated due to factors much bigger than the slashing of government spending
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@Hewhosmokeswomen So what it's not relevant to what he's pointing out. It wasn't the point he was making.
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It has everything to do with the topic at hand. Europe had little industry, thus it had almost no capacity to meet demand. The United States was the only country that could fully meet the demand of the world, because it was the only country whose production base wasn't bombed.
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@Hewhosmokeswomen Why would he have to mention that, it has nothing to do with the topic at hand.
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OK. Given today's economy, who is actually saying we need the government to spend more? Geez!
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I wish that the United States Legislative and Executive Branch watched this channel, then we would have a chance for a restored economy, more liberty, and more social justice; which should be a common goal among all politicians.
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Fantastic point. Kind of makes you wonder--is the global economy a zero-sum game?
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@helios5868
If we don't cut spending RIGHT NOW TODAY, our dollar will collapse and you will need that machete to hunt for food.
The only people that should be in favor of increasing spending are the terminally ill who don't plan to live more than a year or two, and those on student visas or people who don't plan on being US citizens for very long.
If you plan on living in the USA for more than 2 or 3 years you are either A) In favor of cutting spending B) Mentally Retarded
FartyFace 4 months ago 10
@realrockvince Rather move to Hong Kong or Singapore.
H1TMANactual 4 months ago 5