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Gov’t spending CROWDS IN investment. It doesn’t crowd it out.

Summary:
When the government spends in excess of what it removes in taxes it adds to the income and savings of the private sector. Those funds are used for investment.

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When the government spends in excess of what it removes in taxes it adds to the income and savings of the private sector. Those funds are used for investment.


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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