Government spending can spur the economy back into life, even if such spend is misdirected. President franklin d roosewelt embarked on a government spending mission in the 19 thirties. He paid private construction firms seven billion us. Dollars to build airports, dams, bridges and roads. Some believe that this helpd turn the tide for the american economy back in the day. But others believe many factors were at play. And they argue that wasteful spending cause associated with it - which governments seldom take into account.
In today's episode for February 3rd 2022, we talk about Keynes, the great Depression and government spending