The document argues that Keynesian economic theory, which advocates for increased government spending and deficit spending to boost economic growth, is flawed based on historical evidence. It cites examples from the 1930s under Hoover and Roosevelt, as well as more recent policies under Ford, Bush, and in Japan in the 1990s, that showed increased government spending and deficit spending did not successfully stimulate economic growth and reduce unemployment as Keynesian theory predicts. The document concludes that there is no evidence that bigger government boosts economic growth, and that long-term pro-growth policies are better than short-term stimulus policies.
![Keynesian Theory ,[object Object],[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)