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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Keynes Assignment

Keynes Assignment

Q Keynes recommends that the government should save in the good times and spend in the bad times. What is his rationale? Do you agree with it?

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The rationale here is to advocate that yeh government should save more money during good times and should spend it when really in need like in bad situation and crisis period. I do agree with Keynes and with his idea of this saving and spending money for the ultimate growth of the economy. In this way, there will be suitable balance in the nation as well. I believe that the recommendation of Keynes is based on the classical economic theory that provides an idea of ending depressions because of low economy of a country.