Does Government Spending to Reduce Unemployment Provide us a Free Lunch?

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Donald Boudreaux wrote concerning a common misconception about government spending in times of “high unemployment”. Namely, that it is an exception to the rule that “There ain’t no such thing as a free lunch–“TANSTAAFL”. Whether some output is worthwhile or not, though, it’s important always to recognize that it has a cost — to recognize […]

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