CATO’s Dan Mitchell has a new video out produced by The Center for Freedom and Prosperity Foundation on the relationship between governemnt spending and economic growth. Watch:
[youtube]http://www.youtube.com/watch?v=4pdmNynEwYA[/youtube]
If all of those cites to ecnomic papers flashed by too quickly, don’t worry. You can find many of them in this paper written by Mitchell when he was with The Heritage Foundation:
The Impact of Government Spending on Economic Growth
Also check out current Heritage fellow Brian Riedl’s post on a similar topic:
Why Government Spending Does Not Stimulate Economic Growth
Riedl writes:
Government cannot create new purchasing power out of thin air. If Congress funds new spending with taxes, it is simply redistributing existing income. If Congress instead borrows the money from domestic investors, those investors will have that much less to invest or to spend in the private economy. If Congress borrows the money from foreigners, the balance of payments will adjust by equally reducing net exports, leaving GDP unchanged. Every dollar Congress spends must first come from somewhere else.
This video should be mandated viewing in every public high school across the nation… asap!
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Wonderful and clever analysis! This is what every USA enemy wants to destroy by suggesting the opposite. In fact it is a LOGIC consequence of FREEdom earned by EVERYbody from God VS COMPULSIVE need to control and concentrate without using any of the creative innate gift but rather authoritative destructive state (often unconscious and/or subtly suggested)of megalomania. The society of today in its state is often power based, and only those liberate themselves from this compulsive need can consciously lead to a healthy and juducious use of THIS power to empower the Individuals rather than the state, which in abstract terms is just like any other entity, be it individual, structure or assembly.
This may recall the necessity to constantly have in mind the need to renew whenever necessary People's Will by advocating the Rights of SELF-AFFIRMATION, SELF-DEFINITION (true internal aspect of Federal democratie) and then SELF-ORGANISATION and SELF-DIRECTION (Government)which are the external aspect. In this process then, the people delegate some of the work they DON'T WANT or CANNOT ASSUME to an Entity and ORDER it to serve it in that way. NOT THE OPPOSITE, where the Entity NOW give orders and promulgues LAWS and TAXES againt THE SAME PEOPLE WHO just empowered them SO THAT THEY CAN serve it.
Much consciousness, like this CFP video's wonderful work, should be advocated SO THAT EVERYONE, PEOPLE AND GOVERNMENT, REMEMBER THEIR TRUE PLACE AND MISSION AND SHUN the REVERSE of THAT KIND OF RELATION.
Wonderful and clever analysis! This is what every USA enemy wants to destroy by suggesting the opposite. In fact it is a LOGIC consequence of FREEdom earned by EVERYbody from God VS COMPULSIVE need to control and concentrate without using any of the creative innate gift but rather authoritative destructive state (often unconscious and/or subtly suggested)of megalomania. The society in its today’s state is often power based, and only those who liberate themselves from this compulsive need can consciously lead to a healthy and judicious use of power to empower the individuals rather than the state, which in abstract terms is just like any other entity, be it individual, structure or assembly.
This may recall the necessity to constantly have in mind the need to renew whenever necessary People's right to apply their Will by advocating the Rights of SELF-AFFIRMATION, SELF-DEFINITION (true internal aspect of Federal democracy) and then SELF-ORGANISATION and SELF-DIRECTION (Government) which are the external aspect. In this process then, the people delegate some of the work they DON'T WANT or CANNOT ASSUME to an Entity and ORDER it to serve it in a specified way. NOT THE OPPOSITE, where the Entity NOW give orders and promulgates LAWS and TAXES against THE SAME PEOPLE WHO just empowered it for it to serve him.
Much consciousness, like this CFP video’ wonderful work, should be advocated SO THAT EVERYONE, PEOPLE AND GOVERNMENT’ REMEMBER THEIR TRUE PLACE AND MISSION AND NOT REVERSE THE RELATION.
The lack of knowledge of the average U. S. citizen re economic matters is overwhelming. Most seem to think that the money for the government comes from some mystical source unrelated to the overall economy and that those nasty old conservatives wish to preserve discrimination and poverty and keep the goodies for themselves. The fact that increased taxation reduces the economy to a zero sum game and removes many of the advantages of the multiplier effect escapes them.Smaller government is not automatically better but is somewhat more accountable and controllable. The recent legislation passed by Congress has opened the floodgates and no one- that is NO ONE- knows where all the money goes. This little liberal bastion or that little sinkhole of corruption siphons off all they can get and there is no one to account for the money. When Congress passes legislation unread and releases money which is, in reality, almost unregulated, the inevitable result is the corruption of which ACORN is only one small part.
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