The government can borrow (through the sale of bonds) to finance spending initiatives, such as construction projects, to boost employment and inject money into the economy. In short, Keynesian ...

Belief in the fairy tale known as Modern Monetary Theory not only is endemic in US academic and government circles, but is ...

Keynesian economists justify government intervention through public policies that aim to achieve full employment and price stability. Keynes argued that inadequate overall demand could lead to ...