10 Left Wing Economic Misconceptions
Government Spending-
What the Left believes: Government spending stimulates economic growth. Government spending ending the Great Depression.
The Truth is: Government spending expends capital, usually without any return in sight. The money government spends was taken from the private sector where it would be used to stimulate real economic activity. Every penny the government spends was taken from somewhere else, and the more it takes the additional costs to companies get passed on to the consumer. Capital is best left in the hands of the private sector to ensure growth. Sober economic analysis shows FDR’s big spending policies actually prolonged the Great Depression and the radical decrease in government spending following World War II was actually what rebounded the American economy.
Government Spending Doesn’t Create Jobs
[youtube height=”HEIGHT” width=”WIDTH”]https://www.youtube.com/watch?v=Q6xIw9eYxOs[/youtube]
