That's not a fair---or accurate---summary of Keynes.
The claim is that the government should act as a stabilizer: spending to drive aggregate demand during downswings (especially ones caused by external shocks) and regulating during up-swings.
In other words, "more" refers to different things and in different proportions in different phases of the business cycle; it's emphatically not a "heads-I-win-tails-you-lose" sort of thing.
The claim is that the government should act as a stabilizer: spending to drive aggregate demand during downswings (especially ones caused by external shocks) and regulating during up-swings.
In other words, "more" refers to different things and in different proportions in different phases of the business cycle; it's emphatically not a "heads-I-win-tails-you-lose" sort of thing.