Government Spending Doesn’t Stimulate the Economy
Channel: The Survival Economist
Date: 2021-04-22

Government Spending Doesn’t Stimulate the Economy
The US government ran a record $1.7 trillion deficit through the first half of fiscal 2021. That’s a staggering budget shortfall, but only a symptom of the real problem – excessive government spending. We’re told this will “stimulate” the economy. But in the long run, it does no such thing.

Conventional wisdom tells us that the government needs to spend money during an economic downturn to “stimulate” the economy. It has done that in spades over the last year, capped by Biden’s most recent stimulus bill. In just six months, Uncle Sam spent a staggering $3.41 trillion. And there is no end in sight to the government spending. Biden and Congress are already fleshing out a new “infrastructure” spending plan.


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