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Why is Keynesian Economics Collapsing?
Date: December 29, 2025 Source: 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 lead to high unemployment and stagflation. Government could intervene through fiscal policies to increase aggregate demand, as
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Dec 29, 20253 min read
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