Keynesian Economics - jyy - 03-13-2018
This is the mode of thinking the US has adopted since Franklin Roosevelt's reign. Basically, it claims that if the government pumps cash into the economy, things will improve. Anyone agree?
Keynesian Economics - Martin - 03-13-2018
Bit more specific than that. They argue that intervention is required when economies enter a slow down. They argue that increasing demand through their own spending will decrease the severity of recessions, and in booms the government will earn back the money it spent. However, due to time lags and the unpredictability of the economy, it can be argued this isn't the best approach.
Keynesian Economics - jyy - 03-13-2018
[quote quote=1061]Bit more specific than that. They argue that intervention is required when economies enter a slow down. They argue that increasing demand through their own spending will decrease the severity of recessions, and in booms the government will earn back the money it spent. However, due to time lags and the unpredictability of the economy, it can be argued this isn’t the best approach.[/quote]
This one's a bit tricky. For instance, if capitalists argue FDR didn't bring the US out of the depression, World War II did, they're still, unknowingly, saying government spending is to blame. However, though, libertarians are against war spending, though, it will push an economy and is necessary sometimes to combat evil.
RE: Keynesian Economics - whitesno - 12-17-2021
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RE: Keynesian Economics - whitesno - 12-24-2021
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RE: Keynesian Economics - whitesno - 02-04-2022
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RE: Keynesian Economics - whitesno - 02-04-2022
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RE: Keynesian Economics - whitesno - 02-04-2022
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RE: Keynesian Economics - whitesno - 02-04-2022
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