> Taking this money and spending it on things doesn't increase anybody's quality of life. This would seem a general argument against the entire economy, or at

> Taking this money and spending it on things doesn't increase anybody's quality of life. This would seem a general argument against the entire economy, or at least the concept of taxation. Why is spending this cash any different from spending any other cash? Why can't we spend this money creating a ton of new jobs, that will then create new goods? We have tons of spare stuff just sitting in warehouses right now. There is plenty of slack in the system. Investing cash in to more jobs means pulling some of that stuff out of warehouses and temporarily reducing our slack, yes, but that also motivates people to go do whatever productive thing you're paying them to do - such as creating even more stuff to sit in warehouses.