In less than four minutes, Dan Mitchell of the Cato Institute reviews the theory and history of Keynesian policies, and demonstrates that more government spending does not spur economic growth. The video is very timely since government spending has increased dramatically under Bush and now Obama wants to add another $800-billion plus of debt to finance even more spending.
To see the more comprehensive, seven and one-half minute CF&P video debunking Keynesianism, see
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The opinions expressed in this essay are those of the authors. They do not purport to reflect the opinions or views of CCS.
