one of the mysteries for me is always: economists love it when the government spends more money because of money multiplier effects (the old Keynesian idea of b

one of the mysteries for me is always: economists love it when the government spends more money because of money multiplier effects (the old Keynesian idea of burying wads of hundred dollar bills in millions of bottles and then pay someone to dig them up and spend it). but then, when you have this HUGE industry which literally spends hundreds and hundreds of billions on all kinds of nonsense like wasteful billing administration, unnecessary defensive medical tests, overpriced drugs, etc, the same economists are unhappy.