The economics of Santa Clause doesn`t “win” a strong economy, because like all forms of crony capitalism, it systemically picks winners and losers.
But it wins elections, because Americans like getting free stuff in their hands. They don`t give two sh*ts about the long-term ramifications of high unemployment, low wages and lessened expectations, because... well... they got some free stuff.
Striving for the long-term prosperity rewards through hard work and perseverance is seen as a last-century value ... anachronistic and at 180-degree odds with the gimme-summa-dat mentality of today.
Exactly. Reagaonimics will always win the day because “Santa’s elves” don’t really work for free after all.