“Here’s some data from the International Monetary Fund showing that the Canadian economy enjoyed very strong growth when policymakers imposed a near-freeze on government outlays between 1992 and 1997. By the way, we also have a more recent example of successful budget reductions. Estonia and the other Baltic nations ignored Keynesian snake-oil when the financial crisis hit and instead imposed genuine spending cuts. The result? Growth has recovered and these nations are doing much better than the European countries that decided that big tax hikes and/or Keynesian spending binges were the right approach.”
Related posts:
3 BR Home for Sale in Omaha, Nebraska: 115 Bitcoins
“I Plead the Fifth” IRS Lady Has Been Given a Paid Vacation. Oh, Woe!
Three More Cities Vote to Ban Red Light Cameras
Medical Apps: Improving Healthcare on a Global Scale
Here's Why The Winklevoss Twins LOVE Bitcoin
The UN Declares War on Katanga -- Again
PayPal May be Planning Virtual ‘Tokens’ According to eBay Patent App
Joerg Sprave’s straight-up lethal toilet brush sniper rifle
NATO: The Broken Promise Has Backfired–Ukraine
Only Half Of College Grads Work Jobs That Require A Degree
JP Morgan Admits That "QE Will Offset Almost All Of Next Year’s Government Deficit"
Bill Bonner: His New Book, 'Hormegeddon' and Other Insights
Intrade Was Right: Obama, Senate, House
NSA Gets Honest About Its Lack of Honesty
NYT Editor: This Administration Is the Most Secretive and Closed Ever