July 1, 2011 4:17PM

Government Spending Isn’t Working

Over at the Daily Caller, I provide a primer on why government spending doesn’t “stimulate” the economy over the short‐​run or the long‐​run.

I look at the huge size of government spending in the United States, and I review the effects of recent stimulus efforts.

Then I describe the government’s “leaky bucket,” which explains why spending harms the economy in the long run, whether or not there are any short‐​run stimulus effects.

With America heading rapidly toward a spending‐​fueled debt crisis, these certainly are the times the try men’s souls. Nonetheless, please have a Happy Fourth!