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Keynesianism

submitted by blankfist

1 decade 3 years ago

Is our prosperity derived from a continual circular flow of spending? Is it impossible for a society to increase it’s total savings? Can deficit spending by a government step in to replace private activity in order to maintain full employment and restore lasting economic growth? What is a liquidity trap and what does it mean for the economy? What did Keynes really mean by “in the long run, we’re all dead”?

from: http://econstories.tv/2010/10/25/part-i-keynesianism-–-it’s-all-about-spending/

3 Comments

If the government didn't spend money inflating the stock market (that's money you'll never see again) and spend money constantly (never ever saving) this keynesian stuff could actually work

>> ^marinara:

If the government didn't spend money inflating the stock market (that's money you'll never see again) and spend money constantly (never ever saving) this keynesian stuff could actually work

I can certainly see that side of it. But I prefer the power of the economy being in the people's hands rather than a few central planners, though.

Moving this video to blankfist's personal queue. It failed to receive enough votes to get sifted up to the front page within 2 days.

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