"Stimulus spending" = Oxymoron
Cato's Alan Reynolds had a good article recently appear in Forbes that dispells the oxymoronic notion of "stimulus spending" by government. He points out that "stimulus spending" has repeatedly caused economic growth to decline and specifically points to the cases of India, the US and Japan - where government "stimulus" has led to two decades of lost growth.
Ireland, on the other hand, provides an example of how a sizable reduction in government spending can turn a lagging economy into an economic powerhouse.
