The Fallacy That Government Creates Jobs

Keynesian theory sounds good, and it would be nice if it made sense, but it has a rather glaring logical fallacy. It overlooks the fact that, in the real world, government can’t inject money into the economy without first taking money out of the economy. More specifically, the theory only looks at one-half of the equation — the part where government puts money in the economy’s right pocket. But where does the government get that money? It borrows it, which means it comes out of the economy’s left pocket. There is no increase in what Keynesians refer to as aggregate demand. Keynesianism doesn’t boost national income, it merely redistributes it. The pie is sliced differently, but it’s not any bigger.

This should be glaringly obvious but politicians are able to see only that they are providing "help" and are unable to see that they are robbing others to provide it.