If borrowing and spending all this money led to more jobs than we would be at full employment already.

Summary

This quote questions the effectiveness of borrowing and spending money as a solution for creating jobs. It suggests that if this strategy was truly successful, the economy should have already reached full employment. It implies skepticism towards the impact of monetary policies focused solely on increasing spending and borrowing, and implies that other factors beyond financial measures are likely needed to address unemployment and job creation effectively.

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