Why ‘Stimulus’ Doesn’t Stimulate
President Obama has asked Congress for an additional $50 billion in “stimulus” money to finance infrastructure projects. The theory is that the additional spending will cause businesses to boost production to meet this demand. Producers will add jobs, triggering increases in consumer spending that will ripple through the economy and fuel a stronger overall recovery.
Unfortunately, [...]
BigGovernment Articles | Robert Higgs | 
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