The Destabilizing Stabilizers: Why Increasing Government Spending Prolongs a Recession
· mises.org
Keynesian theory says that the way to end a recession in which the economy is in a “liquidity trap” is for government to ramp up spending. Murray Rothbard
One of the Standard Holy Doctrines of modern macroeconomics is the claim that the only way to end a recession is to increase government spending. John Maynard K...