quote · Legacy record
Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work.
Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work.
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Begin with source-checked readings and explanations ↗Attribution & collection notes
- Author or tradition
- Martin Feldstein
Attribution: attributed - Country attributed
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Supplied reference C; CSV row 485285; supplied attribution, independently unverified
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