Lately I have been asking many folks if they have heard of Keynesian Economics and pretty much everyone shrugged their shoulders. Only economists and politicians should know about this, right?
Well, reality is that very few of our politicians know the principles of Keynesian Economics, yet this type of economic rescue has been used for years by our government leaders. Sounds bizarre but it's true. The effects of Keynesian Economics have been seen during the 1929 Depression.
In a nutshell, Keynesian Economics imply that the best way for a country to have economic growth is through the help (interference) of the government. The Keynesian principles imply that the Basics of a Free Market Economy do not work and the (proven) laws of supply and demand cannot function without the "artificial" help of government.
I believe that if WE, the people of this country, become the EDUCATED Majority we can change the direction in which our country is heading. We can make a difference for our kids, grandkids, and the ones after. Please take 7 minutes to learn Lesson 101 on Keynesian Economics.
http://www.youtube.com/watch?v=Q_7QQavGpGs
By: Carmen Alexe
Sunday, January 17, 2010
Have you heard of Keynesian Economics?
Labels:
1929 Depressions,
economics,
finances,
Keynesian Economics,
money,
The Great Depression,
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