Heyer Capital, LLC

investment management and timely advice from a local CPA (Fox Valley, Wisc.)

Can We Get Ahead by Picking Each Other’s Pockets?

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Here is an excellent post from the Mises.org crew.  As a further enticement, here are the mini-headlines with in the post:

C + I + G = Baloney

Victims of a Failed Economic Theory

Government Spending Is a Parasite on the Private Economy

Or, in a paragraph:

The key fallacy embedded in Keynesian economics and the GNP equation is the idea that government spending adds to an economy’s health. In reality, the opposite is true: government spending subtracts from an economy’s health. The real economy is the private economy — there is no other. Government spending must come out of the private economy.

Written by heyercapital

June 29, 2010 at 11:34 am

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