In an era of economic analysis hyperactivity, Paul Krugman debunks another economic doctrine!
It appears, from a sociological perspective, that it is reasonable to assume that wealthy corporations and wealthy individuals oppose government job creating spending increases for the simple fact it reduces their already substantial political influence. The basic notion: if the government is a significant job creator, and folks broadly are employed and successful, it reduces the influence of the wealthy….thus all the phony money-driven economic theories about the harm of government incentive spending.
The Article
Richard Pace 