“Military Keynesianism” & Faith-Based Economics Lead to Excessive Government Spending

Both major political parties in the USA advocate some sort of “military Keynesianism” that is linked to “faith-based” economic theory. In the end, a belief in mythological spending multipliers is used to denounce cuts in defense spending or to justify increases.

Similarly, officials of local government officials insist that preferred public works projects, e.g., expensive sports stadiums for professional teams, add super-charged boost to local economies.

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About christopher

Content of "Natural Order" attempts to reflect the commitment of Universidad Francisco Marroquin to support the development of a society of free individuals. The principal commentator for this blog is Christopher Lingle.

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