Fiscal responses to recent recessions have shown Keynesian stimulus to be ineffective.
In American economic history was so much owed by so many for so little.
The de facto application by both political parties of Modern Monetary Theory, effectively unlimited borrowing and monetary stimulus, is ultimately disproving Keynesian economic principals, of which MMT is a bastardized reductio ad absurdum.
The effort to stimulate the U.S. economy out of its pandemic and lockdown-induced slump has entailed borrowing to the tune of 25 percent of GDP. After an initial burst reopening economic sectors closed by government fiat, the recovery has proceeded at a historically slow pace.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
Thursday, December 2, 2021
Recessions & Debt: Keynesian Stimulus Ineffective
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