Center for Freedom and Prosperity Foundation
For Immediate Release
Monday, July 10, 2017
202-285-0244
www.freedomandprosperity.org
New “Economics 101” Video from CF&P Explains The Merits of Government Spending Caps
(Washington, D.C., Monday, July 10, 2017) The Center for Freedom and Prosperity Foundation (CF&P) released today an “Economics 101” video that explains why a government spending cap is the best solution for the U.S. and other nations facing grim fiscal futures.
Narrated by Yamila Feccia from Argentina, the mini-documentary looks at real-world examples to demonstrate how spending caps work to solve the problem of excessive government and red ink. It also explains why rules focused on deficits and debt don’t work very well, citing fiscal failures in Europe, as well as states like California, Illinois, and New Jersey.
Link to the video: https://youtu.be/JZOwaIzW0xY
“Even statist international organizations like the OECD and the IMF have acknowledged the effectiveness of spending caps,” said CF&P Foundation President Andrew Quinlan. He added, “We can’t afford to wait any longer before getting serious about the nation’s fiscal trajectory.”
Dan Mitchell of the Cato Institute said, “Good fiscal policy exists when the burden of government shrinks relative to the economy’s productive sector and limiting the annual growth of spending is the most effective way of making that happen.”
Executive Summary
This mini-documentary from the Center for Freedom and Prosperity Foundation explains how spending caps or expenditure limits work and why they are far more effective than rules targeting deficits and debt.
This new video is part of CF&P’s Economics 101 video series, which is designed to explain free market concepts, with particular emphasis on reaching students and young people. This is the twenty-sixth video in the series, which have combined for over 814,000 views.
