Some criticisms of Keynesian economics include the belief that it encourages big government and central planning, leading to inefficiencies and bureaucracy. Critics also argue that it can lead to inflation if not properly managed, and that it doesn't take into account the impact of individual decision-making and market forces. Furthermore, some believe that Keynesian economics is short-sighted and focuses too much on short-term solutions, potentially leading to long-term economic problems.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
View summary