Wednesday, December 24, 2008

Why Stimuli Fail - Keynesianism Explained

The Center for Freedom and Prosperity (whoever they are) have produced a fine 7-minute video explaining why the current economic stimuli plans will necessarily fail.

The speaker outlines clearly, both theoretically and with ample historical data, why such ideas are always counter-productive, for everyone except the meddlers, of course, who get the thrill of taking and spending our money without our consent.

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