More about Where Keynes Went Wrong When the world financial system failed in , world governments intervened decisively. Guided by Keynesian economics teams with impeccable credentials, they intended not only to "stimulate" the economy, but to "jolt" it back to borrowing and spending as usual. All of these actions were taken from a playbook devised by British economist John Maynard Keynes, author of The General Theory of Employment, Interest, and Money and by far the most influential social thinker of the past century.
Will even more borrowing, this time government borrowing to support deficit spending, really help us out of the bind we are in? Is it right to borrow to finance bank bailouts? Will economic stimulus—also financed by government deficits—really help? Should the Federal Reserve be printing money so rapidly? Will this give us a genuine economic recovery? Can we really rescue Capitalism by trying to borrow and spend our way out of debt? Also: are private markets really to blame for the Crash of ? If so, can we expect government to fix the problem?
In short, should we be relying so completely on Keynes?tinmefesdo.tk
The Addled Theories of John Maynard Keynes – The Future of Freedom Foundation
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Where Keynes Went Wrong: And Why World Governments Keep Creating Inflation, Bubbles, and Busts
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