Do we need another stimulus?

President Obama wants to do another stimulus, but will that work?

I’m understandably partial to my video debunking Keynesian economics, and I think this Econ 101 video from the Center for Freedom and Prosperity does a great job of showing why consumer spending is a consequence of growth, not the driver.

But for entertainment value, this very funny video from EconStories.tv puts them to shame while also making important points about what causes economic growth.

The video was produced by John Papola, who was one of the creators of the famous Hayek v Keynes rap video, as well as its equally clever sequel.

By Everette Hatcher III, on July 9, 2013 at 12:00 pm, under spending out of control. No Comments
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