Keynesianism Fail: Economic Growth and Consumer Spending

    In the latest video from the Center for Freedom and Prosperity, AEI’s Hiwa Alaghebandian breaks down one of the most common mistakes made by sloppier members of the media in covering the economy: the difference between gross domestic product and gross domestic income, noting that “Consumer spending generally is a consequence of growth, not the cause of growth.” Take five minutes to watch and learn.

    Keynesianism Fail: Economic Growth and Consumer Spending

    In the latest video from the Center for Freedom and Prosperity, AEI’s Hiwa Alaghebandian breaks down one of the most common mistakes made by sloppier members of the media in covering the economy: the difference between gross domestic product and gross domestic income, noting that “Consumer spending generally is a consequence of growth, not the cause of growth.” Take five minutes to watch and learn.