💨 Abstract

John Maynard Keynes's economic theory, which advocates government spending to stimulate the economy during recessions, has been criticized for enabling excessive public debt and the expansion of the state, without significantly improving overall economic productivity, law and order, or education and health outcomes. The article suggests that Keynes's theory has led to social tensions and income inequality, and that the eventual reckoning of this debt-fueled growth cannot be avoided.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖