The following video from LearnLiberty.org with Dr. Stephen Davies addresses the positive impact of government budget cuts.
“Do governments ever cut spending? According to Dr. Stephen Davies, there are historical examples of government spending cuts in Canada, New Zealand, Sweden, and America. In these cases, despite popular belief, the government spending cuts did not cause economic stagnation. In fact, the spending cuts often accelerated economic growth by freeing up resources for the private sector.”
Please visit LearnLiberty.org here… for more great videos on economics, history, law, philosophy, political science, politics & policy and classical liberalism.
Here’s a link to the video at You Tube.