On the Concept of Profligate Deficit Government Spending Leading to Overall Societal Prosperity - Quick Addendum

And, no, I'm not proclaiming here that INTELLIGENT government spending can't be beneficial to the economy; INTELLIGENT infrastructure spending (in which you don't overpay and in which the projects are necessary), INTELLIGENT education spending (i.e., that which goes to the families for school choice and not to the teacher's unions, bureaucrats, etc.), etc., in that it is THIS type of spending which can make the country more competitive (i.e., a place where businesses might want to come). I just wanted to be clear on this and underscore that my beef is with the general Keynesian construct of priming the pump, the claim that this type of spending has a multiplier effect (it obviously doesn't and the private sector during WW2 is proof of that), etc..