The Stimulus Deception | Rob Arnott Explains What Economists Are Getting Wrong
Excess Returns
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The Impact of Government Stimulus on Economic Growth
This chapter explores the contentious relationship between government spending and economic growth, revealing a historical trend over 80 years that suggests increased spending correlates with slower growth. It critiques conventional economic narratives, particularly Keynesian principles, advocating for a balanced fiscal approach rather than excessive government expenditure. The discussion also emphasizes the importance of managing national debt and the need for strategic interventions during economic crises while avoiding over-regulation.
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