12. Austrian Economics vs Keynesian Economics

The Austrian and Keynesian schools of economics thought have been battling it out for decades. They both have answers for why markets crash and recover as well as recommendations for how to mitigate the swings and promote stable economic growth. The problem? One school says that governments need to step in and intervene while the other says that government intervention creates distortions in the market and is the reason for the major market swings. Understanding these two opposing views sets us up for understanding our current economy, market risks, state actions, monetary policy, and more.

 

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