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Monday, December 15, 2008

Bigger Government is no Stimulus

Dan Mitchell of the Cato Institute has a great video on why government spending has, and will, fail to "stimulate" the economy.



The evidence detailed by Mitchell is confirmed when examining states - those that spend more on "economic development" have slower growth than those spending less.  However, states with lower tax rates (and states that have cut taxes recently) have stronger economies.


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1 comment:

Anonymous said...

Its easy to be Liberal with other peoples money.