The U.S. Economy and the Failure of Keynesian Thought

The Keynesian idea, adopted by the U.S. government and many other countries, that by artificially stimulating consumption in hard times you spur economic activity all around on a sustained basis has proved to be fallacious yet again. Donald Trump and Joe Biden stimulated the economy with a combined US$6 trillion. The result, except for a brief and exceptional recovery period, is that the economy has ceased showing robustness.

The U.S. Economy and the Failure of Keynesian Thought