Arthur Laffer: The Real ‘Stimulus’ Record – WSJ.com

If you believe, as I do, that the macro economy is the sum total of all of its micro parts, then stimulus spending really doesn’t make much sense. In essence, it’s when government takes additional resources beyond what it would otherwise take from one group of people (usually the people who produced the resources) and then gives those resources to another group of people (often to non-workers and non-producers).

via Arthur Laffer: The Real ‘Stimulus’ Record – WSJ.com.

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