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  • Of course Smith, but only if you'll go in depth on your theory for me as well. I do not understand why you would not want government intervention.
  • Keynes I need you to explain your theory to me a bit more. I seem to be confused. Why do you support government intervention so much?
  • Well, I do not support Government intervention  on the same level that you do. The "invisible hand" guides people in making the best decisions for themselves by making the best decisions for the economy. Our government should only interact with the national defense, administration of justice, and the provision of public goods. Natural competition between competitors prevents the exploitation of consumers. If a customer is treated unfairly at one business then they will go to another. People have a natural want to improve their own lives. Individual self-interests impact what the market makes and sells. Government interference is not as needed.
  • A weak economy makes businesses hesitant to create jobs, and without jobs people have no income. This type of problem could greatly impact our economy, just as it did during the great depression. If our government has the resources to break this cycle then they should use them. The government has the power to fix things in the short run and they should because if they wait for the market to stabilize itself in the long run then we might all be dead. Not for every mishap in the span of 3 months or so, but for economic turmoil. It is cruel to let people suffer when you have the means to stop it. Government intervention is warranted.
  • From my personal perspective I prefer Keynes' theory. It seems like the better system because it seems to lower the risk of inflation and ensure the government looks out for the citizens. But I can also see how some people might view it as an overstep on government authority in relation to constitutional freedoms and what not. It also seems that Keynes was more informed because he could see the negative consequences of Smith's theory, while Smith did not live long enough to see the negative side.
  • David Ricardo and Jean-Baptiste Say both offer interesting views on classical economics that you can look into to gain a deeper understanding of my point of view. What about you Keynes, are there any other people I could look into to understand your theory more thoroughly?
  • Is there anyone else that I could ask for insight into your Classical theory Smith?
  • Well, you could always ask Sir Henry Roy Forbes Harrod, or even Sir John Richard Hicks. Both men contributed their unique perspectives to build upon my theory. But ultimately, even if you heard all of the explanation in the world, I could not tell you which of our theory's was right or wrong.
  • I really want to understand your theory, but I am afraid that I am losing the point. Who else can explain it to me?
  • We both only wanted to explain the economy in our own terms. The want to understand how economical systems work brings us together, it should not be used to divide us.
  • Both of us made valid arguments and counterpoints within our theories.
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