Saturday, June 13, 2015

On the Concept of Profligate Deficit Government Spending Leading to Overall Societal Prosperity

Yeah, I'm gonna go with, borderline insanity and no empirical evidence (a reference to Hoover, FDR, the Soviet Union, Japan, Bush Junior, Obama, etc.), on this one, folks.

2 comments:

Rational Nation USA said...

Deficit spending (and lower tax rates) to stimulate economic activity actually make some sense. But when strong economic activity returns deficit spending should stop and taxes returned to levels preceding the economic downturn.

Pulling in the USA global horns should be considered as well.

dmarks said...

Global horns sounds like it is from the Book of Revelation