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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Friday, March 15, 2013

Government spending as an economic force is pure fallacy...



Money would be spent irrespective of whether the original owners spent it or it gets seized from those people by the government and spent.  Government spending in no way increases economic activity.

What increases wealth or income or standards of living is the intelligent allocation of these resources towards creating more goods and services for the people.  My opinion is that every spending dollar or as modern liberals like to call some of this spending, investment, leads to lower standards of living for the people in aggregate.  If the modern liberal theory were true, then communism would have worked and not have made those people impoverished.

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