fiscal stimulus

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.

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