Reflection on Analysis
Government intervention is a crucial necessity to keeping an economy healthy. In the Businessweek article, “John Maynard Keynes Is the Economist the World Needs Now,” there is a great focus on the global economy’s downward spiral and the need to follow the teachings of John Maynard Keynes’ ideology on the government’s need to step in and help the economy stay afloat. In my analysis of that article, I strongly agreed with the author’s, Peter Coy; need to address a focus on Keynes solution. Without listening to this solution, history will repeat itself in an underperforming economy like it has in the times of the Great Depression in the U.S or the times of economic uncertainty in countries like China and Japan.
The U.S …show more content…
The previous statements that I made about these candidates and their potential application of Keynesian macroeconomics to our economy, for the most part, remain the same. I believe that most candidates say what needs to be said to receive the votes that they need to win (Donald Trump). However, there is one candidate that I believe genuinely supports what he says and that is Bernie Sanders. In terms of the application of the Keynesian policy, I believe that he focuses on the best way to use government intervention as a way to combat poverty, social inequality, and education. He wants the government to be involved and invest in the economy but to invest in aspects that aren’t as popular but are still very relevant. Donald Trump is a businessman so he often talks about the importance of “bringing businesses back,” he claims that he is in support of government intervention as a way to bring back more American businesses from foreign countries and to create jobs. Therefore, it can be understood that he would apply the Keynesian macroeconomics to our …show more content…
For example, as much as I talked about Sanders and a little bit about Trump, I would add a little more about the economic plan of other candidates for the future and how they can apply the Keynesian macroeconomics. From my understanding, Hillary Clinton would like to apply the Keynesian policy to the economy in a similar way as Sanders. She wants to use the government to raise pay, create jobs, and cut taxes on the middle class and increase taxes for the rich, while investing on infrastructure and education. Ted Cruz seems to want to limit the power of government or government intervention and wants to lower taxes and regulations on Americans and businesses. John Kasich wants to take a similar economic approach as Cruz and would like to restrain the government and regulations imposed on jobs and businesses. It can be seen that both Kasich and Cruz are against the application of Keynesian
Government intervention is a crucial necessity to keeping an economy healthy. In the Businessweek article, “John Maynard Keynes Is the Economist the World Needs Now,” there is a great focus on the global economy’s downward spiral and the need to follow the teachings of John Maynard Keynes’ ideology on the government’s need to step in and help the economy stay afloat. In my analysis of that article, I strongly agreed with the author’s, Peter Coy; need to address a focus on Keynes solution. Without listening to this solution, history will repeat itself in an underperforming economy like it has in the times of the Great Depression in the U.S or the times of economic uncertainty in countries like China and Japan.
The U.S …show more content…
The previous statements that I made about these candidates and their potential application of Keynesian macroeconomics to our economy, for the most part, remain the same. I believe that most candidates say what needs to be said to receive the votes that they need to win (Donald Trump). However, there is one candidate that I believe genuinely supports what he says and that is Bernie Sanders. In terms of the application of the Keynesian policy, I believe that he focuses on the best way to use government intervention as a way to combat poverty, social inequality, and education. He wants the government to be involved and invest in the economy but to invest in aspects that aren’t as popular but are still very relevant. Donald Trump is a businessman so he often talks about the importance of “bringing businesses back,” he claims that he is in support of government intervention as a way to bring back more American businesses from foreign countries and to create jobs. Therefore, it can be understood that he would apply the Keynesian macroeconomics to our …show more content…
For example, as much as I talked about Sanders and a little bit about Trump, I would add a little more about the economic plan of other candidates for the future and how they can apply the Keynesian macroeconomics. From my understanding, Hillary Clinton would like to apply the Keynesian policy to the economy in a similar way as Sanders. She wants to use the government to raise pay, create jobs, and cut taxes on the middle class and increase taxes for the rich, while investing on infrastructure and education. Ted Cruz seems to want to limit the power of government or government intervention and wants to lower taxes and regulations on Americans and businesses. John Kasich wants to take a similar economic approach as Cruz and would like to restrain the government and regulations imposed on jobs and businesses. It can be seen that both Kasich and Cruz are against the application of Keynesian