The Fallacy of the Keynesian Theory of Insufficient Demand

Most experts believe that the key driver of economic growth is total demand for goods and services. Whenever an economy shows signs of weakness, experts hold that strengthening total demand is required to prevent a recession. 

Thus, according to this viewpoint, if the private sector fails to increase demand, then it is the role of the government to increase government demand in such a way that the total economy’s demand is going to strengthen.