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.
Martin FeldsteinAbout author
- Author's profession: Economist
- Nationality: american
- Born: November 25, 1939
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Ah" said Dumbledore gently, "Yes I thought we might hit that little snag!"Snag?" said Fudge, his voice still vibrating with joy. "I see no snag, Dumbledore!"Well," said Dumbledore apologetically, "I'm afraid I do."Oh, really?"Well it's just that you seem to be labouring under the delusion that I am going to -- come quietly. I am afraid I am not going to come quietly at all, Cornelius. I have absolutely no intention of being sent to Azkaban. I could break out, of course -- but what a waste of...
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