Monetarists, Keynesians and Common-Sensians

This is simplistic but it makes you think.

Canada's economy is run by a central bank called the Bank of Canada.

The Bank of Canada is run by economists.

Most economists today use one of two theories to avoid a great depression in Canada:

Keynesians say that a slump in the economy can be solved by spending more money: reduce interest rates and cut taxes.

Monetarists say that a slump can be solved by spending more money: print more money so people feel they have more to spend.

If an individual thought that he could avoid financial trouble by spending more money would you consider that to be the act of a sane person?

"The encouragement of mere consumption is no benefit to commerce, for the difficulty lies in supplying the means, not in stimulating the desire of consumption; and we have seen that production alone furnishes those means. Thus it is the aim of good government to stimulate production, of bad government to encourage consumption." Jean Baptist Say, 1803