The Keynesian Liquidity Trap Fable

by Bunker | Posted on December 9, 2024December 9, 2024

Source: Mises.org | VIEW ORIGINAL POST ==>

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.

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The man known as Bunker is Patriosity's Senior Editor in charge of content curation, conspiracy validation, repudiation of all things "woke", armed security, general housekeeping, and wine cellar maintenance.

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