To explain why the “war on cash” is misguided, I have a seven-part series (here,here,here,here,here,here, andhere) explaining why it is dangerous to eliminate currency and rely solely on government-provided digital money. Using the information in those columns, I gave a speech earlier ...
Keynesian economics focuses on demand-side solutions to recessionary periods. The intervention of government in economic processes is an important part of the Keynesian arsenal for battling unemployment, underemployment, and low economic demand. The emphasis on direct government intervention in the economy...
Identify and briefly describe the main ideas that Keynesian economics are based on. What are the basic tenets/beliefs/points of Keynesian economics? How do they differ from classical economics in their economic policies? How do they differ with respect to the role of the...
Monetarism builds on the Keynesian theory by assuming the same macroeconomic framework and integrating the equation of exchange (with V swinging cyclically, as Keynes argued), but instead focuses on the role played by money supply. Because they believe that V can be relatively easily predicted, mon...