Keynesian free-spending is familiar within the U.S. and Europe. It creates gigantic budget deficits, in the hope of stimulating economies out of recessions. Experience shows it helps foster deep recessions, even depressions.
Yet, it sounds 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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