Keynesian Economics Insights
Robert delves into Keynes' view of equilibrium, highlighting the impact of uncertainty on precautionary savings and the need for government intervention to prevent collapses and offset increased savings. He contrasts the effectiveness of fiscal and monetary policies, shedding light on the limitations of New Keynesian models in restoring optimal equilibrium post-crisis.In this clip
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Related Questions
Should government intervene in crises as discussed in the episode Scott Sumner on Money and the Fed and the clip Uncertainty in Economic Stimulus?
Should government intervene in crises as discussed in the episode Scott Sumner on Money and the Fed and the clip Uncertainty in Economic Stimulus?
Should government intervene in crises as discussed in the episode Scott Sumner on Money and the Fed and the clip Uncertainty in Economic Stimulus?