- New YouTube video discussing the differences between today's fiscal spending and the fiscal spending that occurred after the Great Depression and during WWII.
- Today's fiscal stimulus will not create lasting growth like we saw after WWII.
- Differences are numerous and today's fiscal spending will reduce savings, lower investment and lead to weaker rates of economic growth.
Why Today's Fiscal Stimulus Will Not Be Like WWII
I recently published a public YouTube video explaining differences between massive fiscal spending after the Great Depression and during World War II compared to government spending to fight the COVID recession.
Specifically, we discuss the differences in initial conditions between today's spending and the spending that accelerated during the war.
You can watch the video on YouTube by clicking here or via the embedded video below.
If the video was valuable, please like the video and subscribe to the new YouTube channel for more content like this.
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