The Keynesian Liquidity Trap Fable | Frank Shostak
Update: 2025-01-06
Description
A central doctrine of the Keynesian system is the “liquidity trap” in which consumers hold money in anticipation of higher interest rates. The act of holding money allegedly promotes “underconsumption,” continuing the economic downturn. This doctrine, however, cannot withstand scrutiny.
Narrated by Millian Quinteros.
Narrated by Millian Quinteros.
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