Brian Armstrong explains why government spending doesn't create GROWTH but deregulation does
"Growth does not come from government spending. That's the key point.
The argument is that the Keynesian view of economics is basically wrong. Real growth comes from deregulation, low-cost energy, allowing private markets to build, and having clear rules about what is and isn't allowed. You create a level playing field, and then let people compete.
Consumers benefit. Companies benefit. Employees benefit. Shareholders benefit.
Capitalism, at its best, is one of the biggest win-win systems ever created. Someone had a great rant about that recently.
And that's what we're seeing right now. Private companies in the United States are really starting to cook."