Keynesian theory enthusiasts think governments can stimulate their economies. Evidence shows this assumption is completely not true.
Keynesian economics is used by politicians as a ploy to get votes because it appears so simple. Spending money freely sounds like there is bound to be more economic action. So it is popular.
But what sounds plausible to the uninformed masses is known to have poor overall results, when there is unbiased, independent study. Heavy spending simply does not work.
Over-spending by Keynesians produces enormous debt which adds problems that creates a worse economy, (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
No comments:
Post a Comment