Dan Mitchell of the Cato Institute does an excellent job explaining why Keynesian fiscal strategies do not work in this new video from the Center for Freedom and Prosperity Foundation. It’s more important than ever to combat the myths of Keynesianism with President-elect Barack Obama proposing a massive government spending plan, and even some conservatives promoting a tax version to boost economic growth. [youtube]http://www.youtube.com/watch?v=VoxDyC7y7PM[/youtube]
Rep. Louie Gohmert (R-TX), champion of a federal tax holiday, faced skeptical questions today about his idea to give the economy a boost. Gohmert wants to stop collecting taxes for two months — using the unspent $350 billion from the Wall Street bailout to pay for the plan. Although his idea has gained momentum on Capitol Hill with Republican lawmakers and former Speaker Newt Gingrich, conservative and libertarian bloggers who met with Gohmert at Heritage asked tough questions of the Texas congressman. (Listen to the briefing on BlogTalkRadio.) Most wanted …
