Failed stimulus spending erodes America’s international competitiveness, wipes Out wealth

posted by
July 4, 2011
by Hans Bader  
Posted in Commentary

"In the Daily Caller, Chris Edwards has an interesting article about why government spending doesn’t 'stimulate' the economy over the short-run or the long-run. Rather than growing the economy, stimulus packages are typically wasteful wealth transfers akin to a 'leaky bucket,' which harm the economy in the long run, whether or not there are any short-run stimulus effects." (07/04/11)  

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