John Maynard Keynes professed something 80 years ago that made government justification of spending hell to stave of the recession. This is exactly what the governments across the world did after 2009.
But wait a minutes, these spending increased the government debt and then we had Greece, potugals.....PIGS.
Solution - Again give a shot -> Again increase spending -> Again defeat the recessionary forces
No, thats an idiotic solution as the world is at the highest leverage where it is too difficult for the government to increase it further.
One of the solution can be to increase the innovation and remove barriers in economy to increase the velocity of money instead of real money itself. But governments are bad at this.
But wait a minutes, these spending increased the government debt and then we had Greece, potugals.....PIGS.
Solution - Again give a shot -> Again increase spending -> Again defeat the recessionary forces
No, thats an idiotic solution as the world is at the highest leverage where it is too difficult for the government to increase it further.
One of the solution can be to increase the innovation and remove barriers in economy to increase the velocity of money instead of real money itself. But governments are bad at this.
