In order to consume, you first need to produce. It follows therefore, that government stimulus of the economy produces only short lived economic activity ie it lasts only until the injection of $$ is consumed and runs out. There are no long term benefits, as we have witnessed in Australia over the past 9 years.
I like this way of looking at it. When I discuss this with socialists they will swear black and blue that Keynes is right. Then I point to the IPhone sitting next to them on the table and ask. 20 years ago how many people did you hear complaining that they didn't have a $1000 phone with more computing power than all the rocket ships that went to the moon combined and have all the functionality to run a multimillion dollar business from? It wasn't until Apple supplied it did People even think to demand it.
