Cassidy's Demand Doctor is none other than John Maynard Keynes, a major economic theorist we talked about

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Question:

Cassidy's "Demand Doctor" is none other than John Maynard Keynes, a major economic theorist we talked about earlier. Keynes says that a growing economy requires strong aggregate demand, and in a time where such demand is weak, like during the Great Recession that started 15 years ago, the only solution is for the government to step in and "stimulate" such demand with tax cuts and interest rate cuts, for instance. Keynes would support much of the argument made above in question 2. Does Keynes or the author Cassidy offer a solution to the problem of excessive deficits and debt that we mentioned above. Spending can be good and even necessary, but too much spending is certainly bad, at least in its end effects. And what ethical theory best models these considerations, Kantianism, Utilitarianism, or virtue theory. In other words, does the economist and economic policymaker need to follow one of these kinds of ethical theories more than others, and why?

https://www.newyorker.com/magazine/2011/10/10/the-demand-doctor

See article by Huang, Stone, Windham and Beltran. These authors, much like the first author, argues that fiscal policy (the government spending money on people and projects) should be tailored according to a consideration of the most vulnerable groups. They argue that while we generally should not take on endless debt to move our economy forward, the time of the COVID pandemic is not such a time. We ought to spend heavily, if necessary to prevent suffering due to lost wages, lost work experience, etc. How much ethical weight does this argument have? Don't we have duties to our future selves, children, grandchildren, etc. not to overburden ourselves with debt now, though? How do you imagine we should balance the duties we have to fellow citizens now that can be financed by assuming debt and the duties to future generations not to overburden them with excessive debt, which brings with it a whole host of other problems?