QOTD

"... one of the great attractions of Keynes’s theories is that he gives you permission to do what you wanted to do anyway."

That would be giving other people's money to your political allies.

Read the whole article. As a history of "fiscal stimulus", it lists all the failed attempts to employ Keynesian theory to jump start the economy. One after another have been colossal wastes of money.

So if "fiscal stimulus" has never been successful, why do we keep on trying it? Because it works so well for the politicians, of course.

Not so well for the rest of us, though.

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