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The world is in an extraordinary situation. Household consumption has been reduced to basic necessities, which has affected global demand. And factory closures have hurt the global supply of goods. This combination of factors translates into economic recession. And when there is a crisis, the name of a renowned economist named John Maynard Keynes always comes up.
The world seems to be very Keynesian. Will this economic theory be the only way out of the crisis?
What are the limitations of Keynesianism?
Music:
Whatdafunk by Audionautix is licensed under the Creative Commons Attribution license (creativecommons.org/licenses/...)
Artist: audionautix.com/