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There is an ironic saying that goes:
"In a world in crisis, everyone becomes a Keynesian."
When an economy is in recession, the government has to create aggregate demand. And it has to do this by increasing its spending.
But a question must be asked about this statement by Keynes.
Where does the money that the government uses to increase its spending come from?
There are three answers: either the government raises taxes; or it borrows money from banks, individuals and companies; or it simply prints money.
I don't need to be a deep economist, because I'm not, to understand that none of these three measures creates wealth.
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