Despite Greece, Portugal, Spain and Italy in economic miasma, and France right behind, too many in America are hellbent on following the European economic example of deficit spending,
The belief that government spending produces jobs and that corrective reduction in that spending will cut jobs, persists in those countries. Yet the proof exists that the Keynesian philosophy they follow never works. It doesn’t work today and it didn’t do a thing for Roosevelt’s New Deal in the 1930s. It couldn’t save the Soviet Union or East Germany or any of the other vaunted socialist societies. (See the Earl J Weinreb NewsHole® comments.)
Monday, April 2, 2012
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