Thursday, March 07, 2013

Gee. Spending Cuts Work!

Despite the rabid drooling by Keynes' butt-kissers, the evidence is clear, and contemporary.

Cut spending = improve the economy.

...There are alternative policies. One is to cut government spending, or cut it more than you raise taxes. As Boskin points out, the Netherlands in the mid-1990s and Sweden in the mid-2000s "stabilized their budgets without recession [with] $5-$6 of actual spending cuts per dollar of tax hikes."

And he notes that Canada reduced government spending in the mid-1990s and early 2000s by an amount equal to 8 percent of gross domestic product....

There are those who despise Boskin, such as Barry over here.

Too bad that he doesn't produce any counter-factuals to the above, eh?


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