Another Keynesian fallacy: wasteful healthcare spending is good for the economy

"Very clever application of radical Keynesian economics to health care"

"We see it with military spending too. GDP was barely negative in Q4 even though most other economic fundamentals were strong (and bode well for future growth). The main factor holding GDP back was a big drop in military spending. This is the type of Keynesian economics that conservatives tend to support, see all the election-year caterwauling about how cuts to military spending would kill jobs."


http://healthblog.ncpa.org/could-wasteful-health-care-spending-be-good-for-the-economy/?utm_source=newsletter&utm_medium=email&utm_campaign=HA#more-28708