When Governments Cut Spending
Uploaded on Sep 28, 2011
Do governments ever cut spending? According to Dr. Stephen Davies, there are historical examples of government spending cuts in Canada, New Zealand, Sweden, and America. In these cases, despite popular belief, the government spending cuts did not cause economic stagnation. In fact, the spending cuts often accelerated economic growth by freeing up resources for the private sector.
More and more government is not the answer to our problems.
December 15, 2012 by Dan Mitchell
For the record, I will unequivocally state that I would prefer to endure a bloated and wasteful government rather than a nuclear explosion.
I suppose I should add another caveat. It’s not Democrats that ruined Detroit. It’s big government. As shown by the Bush years, you get equally bad results when Republicans expand the size and scope of Washington.
So I guess the moral of the story is that if you want prosperity, free markets and small government are a much better combination than big government and nuclear blasts.