What would Keynes do now?
Keynes provided the way to cope with an economic downturn, but is his thinking relevant to a supply-constrained economy resulting from a global pandemic.
His answer to Great depression was that we should spend our way out. But now we have rampant inflation because people are spending too much. What would Keynes do now if he was presented with the challenge of trying to prevent the world from going into a global recession whilst also getting inflation under control? Steve and Phil look at the ideas of Key…
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