Great punch, Mr. Arthur Laffer! | [...] I demonstrated that Keynesian stimulus programmes failed in most developed countries around the world. Nations with the greatest stimulus spending had the deepest recessions — while those with the least stimulus spending performed the best. The bigger the spending stimulus, the slower the recovery. And who ever heard of a poor person spending himself into prosperity? No one!
Posted on: Fri, 25 Oct 2013 15:17:08 +0000