When Governments Cut Spending

Do governments ever cut spending? According to Dr. Stephen Davies, there are historical examples of government spending cuts in Canada, New Zealand, Sweden, and America. In these cases, despite popular belief, the government spending cuts did not cause economic stagnation. In fact, the spending cuts often accelerated economic growth by freeing up resources for the private sector.

2 Comments

  1. mikeknightofdawn

    Our politicians likely understand these principles but have so much to lose by actually enacting them. Rent seekers will simply back other candidates in primaries or federal elections to ensure their taxpayer-funded benefits aren’t cut.

Add Comment Register



Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

    LearnLiberty_Banner (1)