A Video(s) Primer on Public Choice Economics | International Liberty

https://danieljmitchell.wordpress.com/2016/10/08/a-videos-primer-on-public-choice-economics/

One of the great flaws of Keynesian economics is that proponents assume policy makers are angels who are motivated solely by a desire to help people by boosting the economy when there’s a downturn.

Needless to say, that’s an absurd assumption. To cite just one real-world example, we can see how Obama’s stimulus scheme was simply an opportunity for politicians and interest groups to do what they like doing regardless of the economy’s performance, which is to have fun with other people’s money. Think scams like Solyndra, but expanded to almost all parts of the federal budget.

This sober-minded assessment of how government really works is sometimes categorized as being part of “public choice economics.”

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