That pushing is, by the works of Keynes himself, supposed to be temporary to get out of a crisis, not permanent to keep the line going up as fast as possible.
Except that there isn't anything as permanent as a temporary government policy.
The point I was making is that of course the theory isn't going to work when you flatly refuse to apply the part where government intervention cools down so that the government has resources to spare for the next crisis.
The wealth effect and free money are not adding anything to the economy's productivity.
Theydistorts the market, promote malinvestment and living beyond one's means and protect bloated, inefficient companies.
They promote the retention of useless bloat and pointless activities like stock buybacks.
They have made the crony capitalists in the financial industry and the politicians and the bureaucracy richer and everyone else poorer.
And always, always you will get stupid shit like green policies and DEI and prokbarrel or jobs for the boys in the idiotic scam.
There is a business cycle, the current crop of inept, feckless human garbage on top of academic economics and central banks have "abolished it" by goosing up the upswing and doing anything to stop a necessary, cleaning correction.
This idiocy stems from their inability to understand that history is not a line that always goes straight up.
There is a day-night cycle, a cycle of seasons, a cycle of biological and popularionsl growth, and of death.
Time to embrace reality.
Again, if I'm remembering the right economist. May have been a different one, because I am awful at keeping track of sources.
"My, what wonderful things would people be able to do, if only they weren't people."
