Deconstructing The Belief In Big Government Solutions…. “The Broken Window Fallacy” (Video)
(Via Cubachi)
Remember how Rahm Emanuel said, “Never let a serious crisis go to waste.”?
That is the basic tenet of big government. President Franklin Roosevelt enlarged the size of government and took more of tax money for public works projects and welfare programs. His policies did nothing to stimulate the economy. On the contrary, he burdened our economy for several more years. President Obama and the democrats in congress are doing the same with his stimulus packages because of the “economic crisis.” They are only exasperating the problem.
This video puts into simple terms, and uses the example of a broken bakery store window, on why taxing, spending, and inflation does not stimulate the economy. We should instead cut spending and taxes, which in turn, will allow consumers to have more money to spend on goods and services, which will create more jobs.
I’m not holding my breath for the Dems’ epiphany.
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August 9, 2010
Posted in: Racist News
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