Stimulus Spending Doesn't Work

Subject: txt mny -
The global recession and financial crisis have refocused attention on government stimulus packages. These packages typically emphasize spending, predicated on the view that the expenditure "multipliers" are greater than one—

The bottom line is this: The available empirical evidence does not support the idea that spending multipliers typically exceed one, and thus spending stimulus programs will raise GDP by less than the increase in government spending....

[Again: before government can first 'spend' money anywhere it must first steal it out of the private sector economy. Who do you think spends such funds more wisely?]

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