Archive for September 15th, 2010

Do We Need Another Stimulus? Tax-and-spend Has Never Worked


Wednesday September 15th, 2010   •   Posted by William Shughart at 5:03am PDT   •   1 Comment

During the Great Depression, economist John Maynard Keynes recommended increasing federal government spending, financed by borrowing, to boost the U.S. economy. It didn�t matter how the new money was spent. If no better use could be found, Keynes suggested building pyramids. Keynes� theory that increased public spending would offset declines in consumer and business…
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