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Handre
@Handre
Economic Historian. Storyteller. Free-market Pamphleteer.
Joined November 2019
5.2K Following    58.9K Followers
Keynesian stimulus doesn't stimulate the economy uniformly: it picks winners and losers, and the winners are never you. When Washington authorizes a spending package, the money doesn't teleport equally into every American's pocket. It moves through specific channels: procurement contracts, bank bailouts, infrastructure projects managed by firms with lobbyists on retainer. The 2009 American Recovery and Reinvestment Act sent $535 million to Solyndra, a solar company whose investors had donated heavily to the Obama campaign. Solyndra went bankrupt in 2011. You got the bill. The Federal Reserve's post-2008 quantitative easing made this spectacularly obvious. Asset prices surged while real wages stagnated. The S&P 500 tripled between 2009 and 2013. Working-class Americans, with minimal financial assets, watched from the outside. Keynesians frame all of this as "aggregate demand management," a phrase so abstract it becomes practically meaningless. Strip away the academic vocabulary and you find politicians directing money to allies, financed by debasing the currency everyone else holds. The redistribution isn't a side effect: it's the intended outcome.
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