Week 7 Discussion Public Sector 2

Week 7 Discussion Public Sector 2 - 2 This really showed...

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What an amazing article. Keynes was definitely ahead of his time in his views on unemployment and the factors involved. I found the most interesting part to be concerning Franklin D Roosevelt trying Keynes idea at the beginning of WWII. Between 1939 and 1944 America’s output nearly doubled and unemployment rates plunged from over 17% to less than
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Unformatted text preview: 2%. This really showed just how productive our nation can be and just how much Keynes was on the right track. The article goes onto explain that when Keynes died in 1946, that same year America’s Unemployment Act codified the new wisdom. Source: http://www.time.com/time/time100/scientist/profile/keynes03.html...
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