Keynesian Economics and Deficit Spending with Jacob Clifford
In this video I explain Keynesian economics, the idea of the multiplier effect, the broken window fallacy, and the tradeoffs of government spending to get out of a recession. Be sure to leave a comment and tell me what you think of John Maynard Keynes. Thanks for watching. Please subscribe! Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership And, yes, I know there are a few misspelled words. I always try to throw a few of them in there to keep you on your teos
About John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes ( KAYNZ; 5 June 1883 – 21 April 1946), was an English economist whose writings are the basis for the school of thought known as Keynesian economics, as well as its various offshoots. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics. He is known as the "father of macroeconomics" and is one of the most infl...
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