Changes

Although government certainly is necessary, the more efficient private sector is better at creating economically productive jobs and other economic activity such as [[investment|investing.]]

Although government certainly is necessary, the more efficient private sector is better at creating economically productive jobs and other economic activity such as [[investment|investing.]]

In August of 2011, the [[libertarian]] author [[Vox Day]] wrote:

In August of 2011, the [[conservative]] author [[Vox Day]] wrote:

{{cquote|...in the 1930s, it was only the USA that attempted to fight the post-1929 economic contraction with [[Keynesian Economics|Keynesian stimulus policies]] and only the USA suffered a [[Great Depression]].  In England, the contraction stopped in 1932, France never saw double-digit unemployment, and the Japanese economy was actually enjoying significant growth. This time, Europe, China, and Japan all followed the US lead and applied their own stimulus plans in 2009, which we are already seeing is now in the process of backfiring on everyone.<ref>[http://voxday.blogspot.com/2011/08/overprepared.html Overprepared]</ref>}}

{{cquote|...in the 1930s, it was only the USA that attempted to fight the post-1929 economic contraction with [[Keynesian Economics|Keynesian stimulus policies]] and only the USA suffered a [[Great Depression]].  In England, the contraction stopped in 1932, France never saw double-digit unemployment, and the Japanese economy was actually enjoying significant growth. This time, Europe, China, and Japan all followed the US lead and applied their own stimulus plans in 2009, which we are already seeing is now in the process of backfiring on everyone.<ref>[http://voxday.blogspot.com/2011/08/overprepared.html Overprepared]</ref>}}