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15 sats \ 1 reply \ @Msd0457890 22 Jan \ on: Opposing the Keynesian Illusion: Spending Does Not Drive the Economy econ
So spending can boost the economy, but the relationship between spending and economic growth can be negative, neutral or positive. This depends on the school of economic thought and the quality of the spending.
No, it depends upon production. You have to have production before spending on consumption. Some of the spending that goes into GDP is made by b2b for production purposes, which is good. State spending is always and for ever the destruction of wealth of the population. This does not depend upon the school of economics, it is what happens.
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