Third-quarter data for 2009 is misleading, because most of the growth in GDP is only temporary and will cost us the same, or more, in the near future. Economic prognostics should not be based on GDP data, but on sound economic theory.
Posts Tagged ‘domestic’
Interesting Graphs on Fiscal Spending and Economic Growth
Here are a collection of graphs showing the relationship between fiscal spending and economic growth. They are from different articles I have read on the internet and from a presentation given by Dan Mitchell, given during Cato University 2009. Although I won’t give a more specific argument against fiscal spending in this post, I am open to comments about it and am willing to reply.
