Cafe Hayek — where orders emerge: "If decent economics textbooks teach their students that “cutting government spending causes the economy’s overall output to fall, tax revenues to decrease, and spending on benefits to increase,” and “the end result is slower growth (or a recession) and high budget deficits” then we should be using the indecent ones. Because there’s no conclusive evidence or natural experiment to support that view."
'via Blog this'
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