Keynesian economics, rooted in the ideas of John Maynard Keynes, promotes government intervention to manage economic fluctuations. Keynesians argue that during downturns, governments should increase spending, even at the cost of deficits, to stimulate aggregate demand. They believe that markets do not self-correct quickly enough due to “sticky” wages and prices, justifying continuous intervention. However, this approach is fundamentally flawed and ultimately harmful to the … Continue reading The Keynesian War Machine: How Governments Use Inflation and War to Escape Debt