Infrastructure Spending Does not “Grow the Economy” | Mises Wire

view to the west

“Remember that we also eliminated, in the late 1940s, some of the war-time rations and price controls, and paid down government debt — undoing things that the government had been doing for years to stifle private sector growth.”

It seems that the author thinks that wealthy corporations are going to help the weak and unemployed in the United States. The government believes in spending to reduce poverty, not to “stifle private sector growth”. The “private sector” can change locations, lower their prices, or invest their money in any way they want. The poor struggle just to survive. It is still happening today.  Blaming the politicians is an old story.

via Infrastructure Spending Does not “Grow the Economy” | Mises Wire

Published by nelsongon

I love media and communication, as well as digital technology. I write and speak fluently in Spanish and English. I was born in New York, but was sent to Puerto Rico at an early age, where I lived until drafted by the U.S. army. Upon returning from an honorable discharge, I found Puerto Rico small and limited at the time. I moved to Boston where I pursued musical studies and later worked as a musician, teacher, and speech-pathologist in New York. I am currently still interested in world politics, social justice, and income inequality. Health and wellness are essential to survive and thrive. I am working on patience and skills necessary to keep learning.

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