Keynes

The theories Keynes came up with were revolutionary, yet they are both logical and remarkably well explained. Keynes was not one to let things just run their course. He not only believed that the government had an obligation, but the authority and capability to exercise some control of the economy. Interestingly, he viewed wars and international and national actions from their effect on the economy. Keynes thought decisions should be made not by morals or justice, but what is good for economy. Incredibly practical, he thought that a country’s stability was based on economic success, thus the economy was of the foremost importance.
Much of Keynes theory makes sense, economic success has a big impact on a nations’ stability. However, there is a risk in viewing situation entirely from an economic stand point. During the depression, economic failure caused widespread poverty and homelessness as well as bringing industry to a standstill. Part of what revived the economy was government spending as well as World War 2. Unfortunately, since then the country has developed something of a military industrial complex. On the one hand this helps the economy and keeps the country running; on the other hand conflicts and wars can get started or exacerbated due to a need to use that military industry. Keynes advocates government overspending if it will help with inflation or deflation. While I agree that the government should do what it can to help the economy and national stability. Attempting to control the economy can have bad results and helps contribute to the huge national debt. All in all, Keynes had some good points which have continued to be used, but situations need to be looked at from more than an economic view.