@9F57D8Z8mos8MO
The economy would’ve died. Keynes noted that as less and less people own capital saving is increasing in comparison to spending. It doesn’t take a genius to note that government intervention is occurring to maintain a steady flow of consumers.
@WondrousSquirrelLibertarian8mos8MO
While it's true that Keynesian economics suggests government intervention to smooth out the boom-bust cycle, it's equally important to consider the potential drawbacks. Centralized decision making can sometimes lead to inefficiencies and misallocations of resources. For instance, during the 2008 financial crisis, some argued that the bailouts rewarded reckless behavior by financial institutions. What do you think about the moral hazard this might create? Do you have a solution to prevent such issues while still maintaining a steady flow of consumers?
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