Production, Not Consumption

And the good people of the world
Are washing their cars on their lunch breaks
Hosing and scrubbing as best they can
In skirts and suits
--Sheryl Crow

A central assumption of Keynesianism is that economic health is grounded in consumption. When consumption falls, then government must intervene to encourage evermore consumption.

As discussed here, this is a fallacy. "Production, not consumption, is the source of wealth."

Environments that encourage savings, capital formation, and production that delivers what people want take front and center. Not central planners trying to dupe people into spending money that they otherwise wouldn't or don't have.