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Economics 101: Been There, Done That? Spending Into Bankruptcy

Posted on March 29, 2009
Filed Under Economics, News | Comments Off on Economics 101: Been There, Done That? Spending Into Bankruptcy

European MEP, Daniel Hannan became quite the sensation after video of his speech outlining the case against British PM Gordon Brown’s spending policies hit the US. He appeared this afternoon on Your World with Neil Cavuto to discuss how similar stimulus, command control policies have failed Britain and risks its insolvency. Is the domestic spending frenzy a long term boom or bust when its proven to have failed elsewhere?

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