The Idiots Guide to the Destructiveness of Public Spending

By: Trevor Loudon
New Zeal

Many Western countries are trying get out of recession through increased government spending.

The socialists argue that high public spending will stimulate demand, get more people buying and kick start economic growth.

This little British video, shows how completely futile and doomed to failure this strategy is.

Why can most people grasp the basic principles of physics, yet be so completely bamboozled by the equally immutable principles of economics?

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