Filed under: Capitalism, Economy, News the Media Doesn't Want You to Hear, Politics, Statism, Taxes | Tags: A Case Study in Keynesian Economics, President Barack Obama, The Failed Stimulus
Economist Veronique du Rugy of George Mason University’s Mercatus Center explains, by using the example of neighboring Maryland, why Obama’s stimulus program could not have worked, why the ideas were flawed, and what happened when he put it into practice.
Doomed from the beginning, it’s another lesson in how “the road to hell is paved with good intentions.”
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