Keynesian Economics Explained in 60 Seconds

Keynesian Economics proposes a path out of economic recessions: government spending to 'prime the pump'. Keynes believed that stimulating demand during tough times will lead to economic improvement as people will have jobs and money to spend in the economy.

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Sources:

Noesgaard, D., Yoshida, D., Colless, R., Phui, L., & Fielding, J. (2010). Understandings of ideologies. Don Mills, ON: Oxford University Press.

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[KorczyksClass]

To what extent are Keynesian economics a good recipe for solving a recession? Let us know in the comments!

[FernieAriel]

Holy shit, he really did explain it in one freaking minute.

[mouwersor]

So it favors an increase of taxes and an increase in inflation... I think I know why it's popular with governments...

[indonesiandef]

>taxes should be increased to slow down the inflation

I don't think Keynesians understad economics enough

[fieryblde]

this is insane i actually understood this lol thanks a lot

[glitteryroses]

thank you so much. i've been looking for a brief refresher for so many minutes. this is a literal spec of gold.❤❤

[rhythmandacoustics]

The central banks also does it to an extent with interest rates, Not necessarily the same but close enough . Higher rates to reduce inflation and lower rates to stimulate growth.

[Ztv]

It seems the USA only subscribes to the 1st 1/2 of Keynesian

[DarkMeyer]

Basically what we need is for wealth to be spread evenly, not stay in the hands of a few. So modern day economis actually doesnt work for modern day life

[mustafaashraf]

I just subscribe to every educational channel I learn something from.... That's the least we could do

[georgekollias]

what a madman he did the unthinkable and he looked great doing it

[jackparker]

Lately demand in our city seems to be for tents... And I'm actually seeing signs that say Tents for sale with arrow pointing.... I guess there should be more work for sidewalk builders... To build around the tents... I'm actually seeing construction considerations for these tent cities that are ubiquitous... Like bike Lanes... Seriously... They are narrowing the street temporarily

[peterponcedeleon]

Spend more money we don’t have. What could go wrong?

[wpgusyf]

Keynes wrote in India big books about the probability mathematics but does not master the axiomatic approach but only arithmetical calculus.

[jackparker]

One syndrome of one experiment lately is insane complacency.... Not wanting to work because it will stop the disability check.. for. (Depression from not having work)

[YourillegalDad]

Government should spend money during recessions which increases money supply, cash flows which stimulates demand in market and at one point this leads to inflation.

To curb inflation increase tax rate during period of economic growth

[jackparker]

I have an epiphany to alleviate the work problem.... Jobs for whip handlers.... Kind of like the motivational speakers and exercise therapist....

[hugopereira]

It should also be noted that the spending during the recession should come from
government debt and not tax revenue. Otherwise the ammount of money in the economy stays the same. The debt can be paid via multiplier effect.

[CDs_YouTube_]

It would destroy the value of the money you have in savings and investments.

[jackparker]

These would be motivational speaker jobs are not just for anyone.... Guys with an aptitude..
. guys like Samuel Jackson... With a lot of spirit... Add a good smile...