In order to keep up the appearances of prosperity, government spending must be constantly increased, with an ever-increasing share of total production going to the nonproductive. If these constantly increased expenditures are not stopped in time, the result will be a runaway inflation like that which took place in Germany in 1923. FULL ARTICLE by Percy L. Greaves, Jr.
Source link: http://archive.mises.org/10533/does-government-spending-bring-prosperity/
Does Government Spending Bring Prosperity?
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