From The Mercatus Center:
by Matthew Mitchell
Mercatus Center
February 01, 2012
While we may not know how to instantly breathe life back into a sick economy, economists do know a great deal about how government can create an environment which is conducive to growth. There seems to be a lack of consensus among economists on how to create jobs. Almost everything we know about stimulus comes from either theoretical models or from so-called “quasi-natural experiments” in which economists look at somewhat random changes in government spending to draw conclusions about its effects. Instead of implementing a quick fix, we should be creating the conditions that are necessary for long run economic health; we should be enhancing economic freedom. That means permitting citizens choice, free and voluntary interaction, open market competition, and the rule of law.
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