Day: December 8, 2009

Creating Prosperity

It was during the Great Depression of the 1930s that our political leaders decided that the best way to become prosperous was to “prime the pump” via government spending. We adopted the philosophy of the British economist John Maynard Keynes, who said that deficits don’t really matter that much. Prior to the Great Depression, most Americans didn’t look to government to create prosperity. They understood that the free market accomplished that feat. Ronald Reagan tried to wean us from the Keynesian concepts in… Read more »