An MMT site bringing you dogma-free economics without the pleadings of self interest
Friday, January 27, 2012
Where's the boom?
“Austerians” have argued that all the government spending has been “crowding out” the private economy. Well, here is gov’t spending collapsing at the fastest rate in 40 years and we’re growing at a measly, 0.8% (when you take out inventories).