Keynesian Economics Explained in 60 Seconds 

he left out the part where it is a complete failure, though

@@RakelaK67 wdym?

​@@RakelaK67Sure, because everyone knows the New Deal as a great failure...

@@RakelaK67you can understand this is a failure by boom parts and another recession that people are starving hahahaha

on short is propaganda that justify inflation

I'm glad you found it helpful!

That's it, ignore completely the remedy offered.

Monitretism/neoliberalism is used in most of the world. Cuts to regulation and social services especially occur and the left version has universal healthcare or medicade food stamps SSI and Medicare in the US and can be far right to center left) with A centralized government and police state. Kenshin economics are for emergency prevention like the depression it helped the people out of but maby not the depression WW2 did The 2007-8 recession and 2020/2021 COVID relief funds medicade expansion and FS increasing till next mo. Monitretism is going into debt for corporate US and some for regular people.

John him self said to pay off the debt later and monitretism and free trade/neoliberalism are by far more popular. In A emergency like 2008 or 2020 the economy had to be stimulated when almost everyone was home. They had lil choice. That's when we are Kensian in America.

As someone that doesn’t understand economics how can you have higher taxes and high inflation? Won’t you utilize taxes to reduce inflation?

​@@atcqmm5916 Inflation happens when you have more demand of goods and services than supply. When you print more money and give it to the people you increase their spending, you increase the demand but the supply of goods and services is still the same. You can reduce consumer spending by increasing taxes but then you're also reducing production and investment, which reduces the supply of goods and services even more. This is why Argentina has inflation and a lot of taxes. You can mitigate the risk by increasing taxes to the consumers but not to the producers, this is why Scandinavian countries are extremely expensive for the people but their corporate taxes are lower than the US.

Glad I could help!

I don’t think YOU do bro😭

You are correct! you can never tax an economy or Country into growth or success History proves them wrong every time.

You just like me fr

@@unruly_ronin 👍🏻👍🏻

Then you might be interested in Distributist type of economics such as Georgism, Scottish Social Credit and Distributism itself

Sweden 1990 financial crisis

And that is a good example of recovery but it looks like it was without government injection into the money supply, but rather a support of otherwise sound banks. Is the attached summary accurate? The government took a private, decentralized route and inflation was hammered down. Isn't that different than the US fed approach of flooding the banks with pools of funds (the exxcess spending I mentioned)? I am an amateur so any pertinent education is appreciated. www.ebrd.com/downloads/news/berggren.pdf @@grunklesmuff

Glad you found it helpful!

Thanks!

Most welcome!

You're very welcome! I hope you found it helpful. 😁

this misrepresents Keynesian economics, it doesnt say to nuke houses for the economy. It emphasizes government spending during downturns to stimulate the economy

No critical thinking skills

No brain 😂😂😂on

​@@grunklesmuffhe did say 'digging the pit and filling it' is the way to go

actually, at first, the government was more Austrian/laissez-faire and there was limited government involvement during the Depression. The depression length was also influenced by different responses and global factors. It's unfair to blame Keynesian economics for the duration of the depression.

Capitalist economic system: 1. Liberalize the economy 2. Speculation soars. 3. Economic crisis due to financial speculation. 4. State intervention in the economy. 5. The Economy stabilizes. 6. Return to position 1.

I've seen way more uncharitable takes, this was nothing

The question is not whether demand will increase production. The question is whether the means by which we increase production have a negative reaction to the economy. If increasing spending and raising taxes is the way you have a flawed system of demand side economics

May be by printing more paper

In Canada the govt sent out cheques or direct deposits to the citizens to help them get through the pandemic crunch.

Stimulus money.

Interesting how the other replies don't truly understand what you are asking.

@@bruceshowalter6046 what exactly is he asking then? transfers are how the government directly puts money into people's hands

The idea of liberalism is to make people extremely poor so that the CEOs lead the world on top of their ivory towers while exploiting workers. Then depending on the government, the idea is to redistribute some of this wealth to the population by taxing these CEOs. So yes: most of the population need the state to survive. It is because of the way liberalism promotes the theft of the worker's value by the CEOs, and the only way for them to get the money they deserve is through the state taxing the parasites on top.

@Mao LeBron Some others are planning bunkers and electric collars to hold their bodyguards in check.

it 1970 the government was more neo-Keynesian/Chicago school

The explanation of Keynesian Economics is 60 seconds long, the other 11 seconds are a recommendation of where to learn more about it, not part of the explanation of how Keynesian Economics works.

@@sarban1653 it’s a joke

they work bether than fake free market

Mate you know that the rich pay most of the taxes already? We have a progressive tax bracket as is. Can you elaborate what taxes are dropping for the rich. Buzzwords don’t mean much if you can’t substantiate them with examples and evidence

Nope. Opposite happened during Great Depression. Read Beranek work. He received Nobel prize on that.

it didn't work from the beginning. the consequences have only now caught up to us and it is the result of keynesian garbage.

Thank you!