Economics for Politicians Chapter Seven: You Don’t Invest; You Spend [Reader Post]

Wikipedia defines investment as “investment is the amount purchased per unit time of goods which are not consumed but are to be used for future production.” In other words, investment is something willingly purchased at the present time in hopes of gaining a return on that investment. Over time, whether or not is is a good or bad investment will be based on growth or failure to grow. This is why government spending can not be called investment in the strictest sense of the word. Society can benefit by items purchased by the government, such as: