What’s holding back the recovery?

posted by
February 22, 2011
Independent Institute
by Robert Higgs  
Posted in Commentary

"What’s holding back the recovery? My answer: the failure of private investment to recover fully. Let us hear no more about the allegedly pressing need for the government to stimulate consumer spending. Moreover, let us insist that the relentless growth of government spending -- not only the kind represented in the National Income and Product Accounts, but also the massive transfer payments -- must be stopped." (02/21/11)



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