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Business
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| Number of pages / Number of words: |
3 / 736 |
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This was the time for Keynes’s ideas to start working. He claimed that in the long run unemployment can cast a deadly shadow over the economy. So, he proposed a simple, though extreme solution to the problem: create numerous, even low-effective jobs just to keep people away from their problems and to keep them occupied...
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Then, take over control over major companies and stimulate production to keep the funds circulating. Nationwide manipulation of the interest rate is also a necessary point that is supposed to stimulate the banking sphere of the country. These basic clues over government regulations in economy allowed the situation to start improving fairly fast...
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