Que
aʒɑ̃ prɔvɔkatœr
- Joined
- Dec 3, 2009
- Posts
- 39,882
Classic Keynesian Theory worked as advertised to help bring America back from the Bush Recession, the squealing of the discredited Mises.org folks to the contrary notwithstanding.
No. It didn't. It acted as a brake on the recovery which is why this recovery has underperformed all previous ones and is still anemic.
In no economic system can you remove potential working capital from the system, launder it through an inefficient bureaucracy, spend it, (rather than invest it) and have any additional production capacity created.
I recognize that people that shill for those of your stripe like to refer to spending as investment...but it is not. If no return on investment is sought, no return will be paid. Spending is just spending.