Boon or Doggle?

Even if government spending in theory could “stimulate the economy” in a genuine, sustainable way, it would not follow that politicians and bureaucrats would know how to spend the money intelligently. The pressures to do something now and the perverse incentives facing those in charge of the money guarantee there would be more doggle than boon.

The rest of this week's TGIF, "Boon or Doggle," is at the Foundation for Economic Education website.