Keynesian economics emerged as a response to the Great Depression. The 20th-century economist advocated state intervention in a managed capitalist economy. We explore his stance https://t.co/HOlxn5uRlu ...

>we measure our "economic health" with consumer spending>the Fed thinks people stop spending if prices go down (?)>it makes sure prices go up foreverThis is Keynesian economics in its most distilled form.That's how you get insane quotes like this.Lance Lambert (@NewsLambert):Fed Governor Michelle Bowman: "I am concerned that, in the current environment, declines in house prices could accelerate" https://t.co/mHlz3uhi5o ...

Keynesian economics = gov’t steps in when demand drops. Spend during recessions, save during booms. A thermostat for the economy.https://t.co/Frf8UbE9Ry https://t.co/cpa0MWGLEK ...