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Podcast: PRay TeLL, Dr. Hash
Episode: 73 Stimulus Spending
Description: The disconnect between how economics really works and how most people think it works is astonishing, frustrating, and sad. You cannot judge Government spending based on how a family would manage its own money because economics is not the same as budgets. Governments make an economy, Government money needs no source, and it doesn't matter what Government spends money on, it's all stimulus: Public Works are stimulus, Military spending is stimulus, even Welfare is stimulus. All Government spending is stimulus but a person's ideology determines how they want to spend the "stimulus." Milton Friedman thought dropping buckets of money...