Johnny Munkhammar writes for Conservative Home
Even in “austerity” UK, government spending under the coalition is hardly falling and, because GDP is stagnant, government spending as a proportion of GDP is remaining harmfully high. There have been calls from within the coalition for more infrastructure spending. However, though such spending may be justified on the grounds of long-term profitability, we should not fall for the illusion that it will kick-start growth.
Johnny Munkhammar was a Member of Parliament in Sweden for Moderate Party. A blogger and advocate of free market causes he was author of The End of Stimulus (American Enterprise Institute) and a writer for the Institute of Economic Affairs. He died earlier this month from a rare form of cancer and we believe that this article may have been the last he wrote. He leaves behind a wife and two children.
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