Carpe Diem: Government Spending Vs Unemployment

The chart of the day.    "This chart (inspired by Brian Wesbury) again bears repeating since it lends support to claims by the anti-Keynesians (of which I am one) that the biggest factor that has worked to slow economic growth in recent years is the huge increase in federal spending. The reason? The public sector spends money much less efficiently than the private sector.    ... MORE