...the only possible reason to explain why a recession could be averted. Private sector recession masked by above normal Govt spending.
...if that becomes the only option, it will simply delay the inevitable and Govt debt would only get larger necessitating a larger money printing down the road.
...capitalism thrive greatest when private sector drives economic growth
...Govt dishing out money to boost demand reflects a 'dying' private sector vibrancy and a private sector recession that does not get noticed because it does not get reflected in official statistics.
It’s really interesting how the few countries that have about 40% govt spending/GDP ratios, US, Japan, UK, Spain, and Switzerland, have dramatically different economic outcomes and welfare generosities. The US is supposedly the most capitalist but you couldn’t tell from this. https://x.com/stevehouf/status/1839987986017968366
