Comment Re:A lot of the arguments seem hopelessly simplist (Score 1) 290
Well, again that seems simplistic to me. Keynes said you could just bury money in the ground and let people dig it up, and it'd have a stimulative effect, and I'm sure that's true. But I do think it makes a difference what you spend money on. The government should spend money on things like infrastructure that improve private sector productivity when the economy turns around.
That is pretty much Keynes' point. Digging up money in jars (an analogy to mining gold for money - a similarly pointless exercise) would be better than nothing because it would create a stimulatory result, but a much smarter use of that same labour would be to do something useful like, say, building houses.