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I doubt it would work. And it would be an insanely huge sum of money to spend on advertising that even if it did work, you'd quickly run into diminishing gains. The most direct way to spur entrepreneurship is to provide subsidies (grants, tax breaks, etc.).
Well, what if we rephrase the question to be 5% advertising and 95% grants, tax breaks? Seems to me it'd work better. I keep coming back to the cantillon effect. It's also fairer to the people, the taxpayers, anyways.
It would be a form of fiscal stimulus. Would work better than further monetary stimulus, but the tricky part is getting the implementation and politics right.
Agreed. Same of course goes for giving money to banks instead of people.
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