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.
“The working classes were becoming more and more sharply aware of the complex causes of international malaise.”
“I've had three novels published, and I was working a little bit in theater in Ireland. I wrote one film script just to see what it would turn out like.”