Canada has been cutting spending and tax rates for the past decade or so. If Keynesians are right, the U.S. economy should be outperforming the Canadian economy now and Canada should have done better back in the 1980s and 1990s, right?
Wrong. It's the opposite.
The unemployment rate in Canada is currently 8% and has been below the U.S. level since October 2008, when government spending started to go crazy.
The lesson is clear: Less spending, less taxing and more freedom work.
Let's not stimulate anymore. The U.S. economy just can't take it.
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