Policies that force consumers to spend are also policies that force them not to save, and saving is essential for long-term, sustainable economic growth. When people don't save today, they consume less in the future, again causing inventories to rise and supply chains to become clogged. At best, forced spending can only postpone market corrections, and the more it depletes saving, the more severe the eventual correction.
It doesn't help that such demand-side policies themselves became sticky, entrenched as Keynesian policy institutions. While much of economics as a science has moved on from Keynesian theory — meaning that it has moved closer to the Austrian position, which was contra Keynes from the beginning — old policy levers maintain political value. They often show up in the form of calls for economic stimuli.
y claro el ser un austriaco implica que lo mejor cuando se tiene gripe... es pasarla en cama hasta que uno se pone bueno
The problem for free-market economists is that their policy recommendations at the dawn of recession are not too sexy to the political mindset. They involve either doing nothing to hinder price adjustments, or actively removing extramarket barriers to price adjustments that already exist. This often involves short-term pain in exchange for long-term solutions, when politics rewards short-term solutions that result in long-term pain.
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