Chapter 12 - Post Only

The core flaw with Keynesian economics is that it focuses not on production but on spending. Spending in it of itself does not generate economic prosperity, and true growth comes from saving, producing, and investing. Government policies are often a band aid to the larger issue and only cover up the problem for a time. Keynesian economics fits directly into a politicians agenda of spending rather than saving to solve issues. He answers the question of "If you are right, why is your side losing the debate?" by saying that Keynesian economics serve a more popular ideal, that spending can fix the issue. When in reality the Austrian perspective is the less popular but more effective measure of making uncomfortable economic decisions in order to remedy issues.