You have the Keynesian free-spending we are so familiar with in the U.S. and Europe, that creates gigantic budget deficits, in the hope of stimulating economies out of recessions. Experience shows they help foster deep depressions.
Yet, they sound impressive. Put more paper into the pockets of consumers sounds inviting but repetitive experience shows it’s downright self-defeating and becomes a treadmill to meltdown. Budget deficits cannot be sustained for long. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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