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Crowding Out

​This revision video looks at the arguments for and against the crowding-out view of higher government spending and borrowing. Supporters of the crowding-out view argue that​ higher state spending and borrowing can be inefficient and might lead to increased real interest rates and taxes for the private sector which eventually undermines the impact of a fiscal stimulus. Keynesian economists counter that well-targeted and timely stimulus spending helps to support growth, output, jobs and competitiveness. Indeed higher government spending can be partially self-financing and an important policy option when private demand is depressed, for example following an external shock. - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/sto... A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/sto...