Here. We shouldn't fault entrepreneurs for not following this advice, though, because they have to keep prospective demand in mind when making these decisions. Government doesn't because government isn't profit maximizing.
But a multiplier is a multiplier, and crowding out is crowding out. Governments and entrepreneurs want to avoid crowding out for the same reasons: crowding out works against the ultimate goal of both of them.
The Opening Clang of “Hard Day’s Night”
5 hours ago