Contrary to
popular belief, writes Anthony Randazzo, the spending programs
implemented during the Herbert Hoover, Franklin Roosevelt, Gerald
Ford, and George W. Bush administrations did not create sustained
economic growth nor did they reduce unemployment long-term. Neither
did Japan's years of stimulus spending in the 1990s bring Japan's
economy out of recession.
Reason on Facebook
Reason on Twitter
Reason on YouTube
Reason RSS
Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time.