John Maynard Keynes Quotes


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The 2013 Congress was one of those that was politically polarized and unresponsive to party leaders. This presented gridlock in legislation that was needed to appropriate the money to maintain the needed level of air traffic controllers. So they were required to take unpaid furloughs reducing the number of air traffic controllers each day. Some critics wanted the Department of Transportation to try and control the usual number of aircraft flights with the reduced workforce. The Secretary refused.


The 30,000 was far fewer than previous decades where automobile deaths had been constantly decreasing from a high of 50,000 a year.


John Maynard Keynes
John Maynard Keynes
  • Born: June 5, 1883
  • Died: April 21, 1946
  • Nationality: British
  • Profession: Economist

John Maynard Keynes, 1st Baron Keynes, CB, FBA (5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century, he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots. His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics.