Tag Archives: government spending

Why Government Spending Does Nothing for Jobs

This is a very important thing to understand. We are told over and over that government spending creates jobs and that through the multiplier effect the economy can then blossom. But time after time after time we see that this does not happen. Yet many still believe that something can be had for nothing. Many very respectable people believe like members of a cult. The cult of Keynes.

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The Simple Truth About Keynesian Economic Policies From a Reliable Source

In a recent review of a book by David Stockman, Laurence Siegel, the uber-respected director of research at the Research Foundation of CFA [Certified Financial Analysts] Institute in Charlottesville, VA, had this to say about the Keynesian policies that currently guide world governments:

“It is hard to overstate the extent to which the following Keynesian views are simply assumed by people to be correct:

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