Sunday, June 26, 2011

Special Debate:
Government Spending Killing
the Economy or Saving It?
President of the Ayn Rand Institute Yaron Brook & Co-Founder of Demos David Callahan face off to discuss whether austerity or more spending is the best road to recovery .. Brook believes the government is killing the economy, should just stay out of economics altogether: "Jobs are created by private business and what you need is an environment in which private businesses can thrive, and to do that you need to stop taking their money and stop limiting the choices that they have." .. Callahan believes the opposite. "Most analysts suggest that if there hadn't been the stimulus we would have much higher unemployment than we now have .. We have to do another round of stimulus otherwise this 9.1% unemployment is going to go on and on and it's going to go on because companies are not hiring — they are not hiring because there is no consumer demand — there is not consumer demand because the middle class is tapped out. They don't have any money."

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