Hello,
Read again, i correct about more of my philosophy about the modern economics and about Keynesian economics and more of my thoughts..
I am a white arab from Morocco, and i think i am smart since i have also invented many scalable algorithms and algorithms..
And i invite you to read the following interesting article:
Does Keynes’s theory still hold up?
https://www.weforum.org/agenda/2016/02/does-keynes-s-theory-still-hold-up/
More of my philosophy about the Keynesian economics and more..
I think i am highly smart and i will invite you to look at the following new video about how the governments of Europe and USA have spent more in the economy and were following the Keynesian economics in the period of economic Crisis of Covid-19, since i
think that Keynesian economics even if it is not the modern way by using the supply of money and by interest rates, can still has some "advantage" in this kind of economic crisis, and the macroeconomic theories and models of Keynesian economics is about
how aggregate demand (total spending in the economy) strongly influences economic output and inflations, so i invite you to look at the following new video so that to understand the how of it:
The EU's New Plan to Transform the Economy - VisualPolitik EN
https://www.youtube.com/watch?v=N2-HqLZJIhU
But i will say that Milton Friedman, and American economist awarded the 1976 Nobel Memorial Prize in Economics for his contribution to consumption analysis and to monetary history and theory, including his observations of the complexity of stabilization
policy, was the founders of the modern monetarist school of economics, that held that the business cycle is determined mainly by the supply of money and by interest rates, rather than by government fiscal policy - contrary to the long-prevailing view of
Keynes and his followers. So then you have to understand that the modern way in economics with wich we manage inflation and unemployment is no more using keynesian economics, but it is by using for example the following way using the supply of money and
by interest rates:
I think i am highly smart, and i think that the Federal Reserve policymakers of USA are trying to slow down the economy and subdue inflation by highering interest rates, and highering interest rates make money costlier and borrowing less appealing and
that, in turn, slows demand to catch up with supply, which has lagged badly throughout the pandemic, but that's the macroeconomics of it, and its potential effects include lower wages, a halt or even a drop in home prices and a decline in stock market
valuations etc., but notice that the highering of interest rates reduces the demand, so i think it has a macroeconomic effects of balancing by creating lower prices in one side and part of the economy and this compensate much more for the higher prices
in the other side and part of the economy, but notice that it doesn't mean that the highering of interest rates solves all the problems.
Thank you,
Amine Moulay Ramdane.
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