QUOTE OF THE DAY: “Creating a job is easy. Creating a remunerative job is not.”
The 'Consumptionist' Dead End
Jonathan Hoenig: Why the persistent belief that the economy will grow as a result of government spending is flawed.
If you keep repeating a lie long enough, people eventually start to accept it as truth. So even as government debt hit new record highs and bankrupt entitlement states like Greece collapse, how else to explain the persistent belief among many politicians and policymakers that … the economy grows as a result of government spending….