Does economics conclude that government by Dr. Robert Murphy @Mises

Question 12 / 49: *Does economics conclude that government spending is bad?

Answer:

No, economics simply points out that resources will be directed to different projects when the government spends money.

The goods and services produced because of government spending come at the expense of other goods and services that now will never exist. Economics per se can't say that one pattern of

output is better or worse than the other, but it reminds us that there is a tradeoff, an opportunity cost to the government's actions.

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https://www.jobilize.com/interventionism-the-mixed-economy-by-dr-robert-murphy-mises

Interventionism: The Mixed Economy

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Dr.Robert MurphyAssociated Scholar

Mises Institute

USA

Attribution: Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY

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