I don't understand how anyone could fall for this Keynesian economics meme. It's going to cause the biggest economic collapse the world has ever known.
Keynesian economics is basically just doubling down on a losing trade. Like when you buy blockbuster at $22 in 2004, and then it drops to $20 so you buy more, then $15 so you buy more, and $10, more.
Now it's fucking worth $0.
This is what I understand Keynesian economics to be on a global economic scale. What economy is going down? Better print more money get people to make bigger more desperate bets. What it's still going down faster?! Better print even MORE money and make even BIGGER bets. Surely when that money is invested correctly wel'l come back to break even.
Really that's all it is. it's a fucking martignale strategy with the global economy.
How the fuck has the world come to this? Where a handful of very smart people are essentially employing a very slow and large martingale strategy on the livelihoods of everyone?