New at Reason: Anthony Randazzo on Why Obama's Stimulus Spending Won't Work

January 12, 2009

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.

Read all about it here.