Discussion about how Obama and the left in whshington are fundamentally transforming our nation and destroying the principals of the founding fathers which we hold so dear!
Wednesday, September 2, 2009
Government Spending Creates Wealth? The Most Persistent Economic Fallacy of All Time
At a 1978 lecture, Milton Friedman talks about government spending and explains one of the greatest economic fallacies of all time, essentially another version of Bastiat's "broken window fallacy."
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