Why is Keynesian Economics Collapsing?
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Why is Keynesian Economics Collapsing?

by Martin Armstrong, Armstrong Economics: In his 1936 book, ‘The General Theory of Employment, Interest and Money,’ John Maynard Keynes argued that aggregate demand was too volatile to be stable and would lead to inflation or recession. His theory honed in on spending as a means of price control. Low aggregate demand, Keynes argues, would […]