Keynes vs. Smith

Keynes vs. Smith
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By: McKenna Garcia

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  • Wha? Who texted me? 
  • HEY KEYNES. JUST WANTED TO REMIND YOU THAT MY GOVERNMENT THEORY IS SUPERIOR. 
  • Oh just wait 'till he gets a taste of his own medicine. Little does he know, the government not having any role to play in the economy is only hurting it.
  • HEY KEYNES. JUST WANTED TO REMIND YOU THAT MY GOVERNMENT THEORY IS SUPERIOR. 
  • ALRIGHT LISTEN HERE SMITH. AT LEAST I TAKE ACTION WHEN MY ECONOMY IS SUFFERING. NEWS FLASH, IN THE LONG RUN IT WONT CORRECT ITSELF AND BRING IT BACK TO FULL EMPLOYMENT. YOUR GOVERNMENT NEEDS TO TAKE AN ACTIVE ROLE IN THE ECONOMY.
  • Alright Keynes, I see how its going to be. At least I don't believe that the Great Depression was evidence that the economy doesn't correct itself to full employment..Huh! What crazy beliefs! Say's Law clearly states that all output will be demanded.
  • Haha, I think I agree with you on this one Keynes. I just don't believe that the economy will always return itself to full employment without government action. In my opinion, fiscal and monetary policy are very effective and needed to pull our economy out of a recession.
  • Can you get a load of that guy McKenna? I mean just because he's supported by Thomas Malthus and Jeremy Bentham doesn't mean his theory is correct!
  • I cannot believe his stance in economic theories. I mean at least I have Thomas and Jeremy on my side. I couldn't imagine being in Solow and Tobin's position and supporting the Keynesian theory.
  • THE END
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