Keynes theory’s are used in many governments such as Australia, Britain, Canada, parts of Europe and of course the United states, but his ideas took an unorthodox path, a path that many economists never thought about taking. In 1920 he created the “Quantity theory of money” which is now called monetarism which means “the theory of practice of controlling the supply of money as the chief method of stabilizing the economy.” Keynes writing of this topic was built around the beliefs he had learned from…
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