Sounds like some intellectual name calling going on here:
oftwominds-Charles Hugh Smith: Why Krugman and the Keynesians Are Lackeys for the Neofeudal Debtocracy
Well worth the read but the bottom line: spending needs to be productive to be considered an investment. Otherwise, that spending is simply consumption. And...in our present world...the deficit spending that is supposed to be causing the economy to grow is in fact grossly misallocating resources in non-productive ways and has enslaved us to debt.
Oh River City we got trouble with a capital "T"....
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