Filed under: Capitalism, Economy, Freedom, History, News the Media Doesn't Want You to Hear | Tags: Accelerating Growth, Cut Spending., Dr. Stephen Davies
Here’s Dr. Stephen Davies, from LearnLiberty.org. Do governments ever cut spending? According to Dr. Stephen Davies, there are historical examples of government spending cuts in Canada, New Zealand, Sweden, and America. In these cases, despite popular belief, the government spending cuts did not cause economic stagnation. In fact, the spending cuts often accelerated economic growth by freeing up resources for the private sector.
Lots of history, lots of examples in the real world. Should be a no-brainier!