Keynesian Free-Spenders Don’t Understand John Maynard Keynes

Democrat party followers have had a long association with John Maynard Keynes. Since Franklin Roosevelt and the New Deal in the 1930s, this economist’ s teachings have been their guide.

           

But they do not always read Keynes correctly. Today’s Democrats refer to him to suit their political purposes.

           

They feel that you fight recessions by government spending money, to create jobs, by encouraging demand.

           

Experience shows otherwise, Mass spending does not produce jobs. But it does produce dangerous deficits.

           

At the same time it produces no incentives for business to expand job formation. Business expansion requires lower tax rates, not higher rates that over-spending eventually causes, that stifles business, Especially affecting smaller firms that account for the bulk of U.S. jobs.

           

The media never fully get into detail and depth when it touches on the thinking of John Maynard Keynes. To disclose what Keynes really had suggested only over a short term, and not cherry-picking from his theory. (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)