A Keynesian policy libertarians hate because it is government spending that is both an effective government policy and because it requires taxes eventually. They have invented many wild arguments against it (which have proven wrong) such as "crowding out".
- Deficit (3 links)
- Libertarians get all hot and bothered about government deficits. They are really just a form of borrowing, just like homeowners and businesses borrow. Rants about balanced budget amendments are simply ways they want to hamstring governments and cut taxes.
- Fiscal policy worked – evidence [More...]
- Tyler Cowen is soundly thumped for his lies about the effectiveness of fiscal stimulus.
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