Det de sa!

Mens norske kommentatorer forsøker å fremstille det som at republikanerne ikke vil redde amerikansk økonomi fordi de stemmer mot Barack Obamas stimulipakke, og norske høyresidas største kritikk av finanspakkene her hjemme er at regjeringen endrer dato for fremleggelse, finnes det heldigvis fortsatt fornuft her i verden.

Selv om man skulle tro at all verdens økonomer har blitt keynianere, så protesterer i hvert fall noen av dem på det og skriver:

Notwithstanding reports that all economists are now Keynesians and that we all support a big increase in the burden of government, we the undersigned do not believe that more government spending is a way to improve economic performance.

More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japans’s “lost decade” in the 1990s. As such, it is a triumph of hope over experience to believe that more government spending will help the today.

To improve the economy, policymakers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth.

Takk.