Archive for September 15th, 2010

Do We Need Another Stimulus? Tax-and-spend Has Never Worked


Wednesday September 15th, 2010   •   Posted by William Shughart at 5:03am PST   •   1 Comment

During the Great Depression, economist John Maynard Keynes recommended increasing federal government spending, financed by borrowing, to boost the U.S. economy. It didn’t matter how the new money was spent. If no better use could be found, Keynes suggested building pyramids. Keynes’ theory that increased public spending would offset declines in consumer and business...
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