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Friday, July 29, 2022

Government “Stimulus” Schemes Fail Because Demand Does Not Create Supply

 https://mises.org/wire/government-stimulus-schemes-fail-because-demand-does-not-create-supply

By popular thinking, the key driver of economic growth is the increase in total demand for goods and services. It is also held that overall output increases by a multiple of the increase in expenditure by government, consumers and businesses.


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