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Keynesian economics
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    Also found in: Financial, Wikipedia 0.07 sec.

Keynesian economics

The economic theory of English economist John Maynard Keynes, which argues that a fall in national income, lack of demand for goods, and rising unemployment should be countered by increased government expenditure to stimulate the economy. It is opposed by monetarists (see monetarism).



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Paul pointed out, even some Keynesian economists admit that the Consumer Price Index (CPI) "grossly understates true [price] inflation," with "the most glaring problem" being that "CPI excludes housing prices, instead of tracking rents.
The Fed exists to inflate by Hoar, William P. / The New American
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