Keynesian
influenced by the economic theory of John M. Keynes (1883-1946); in particular, Keynes' book *The General Theory of Employment, Interest, and Money* (1936). The main point of Keynes' general theory (GT) was that market economies are not usually self-correcting, and occasionally require some sovereign intervention to prevent inflation or depression. One of the policy prescriptions of the GT for curing recessions was to lower interest rates; another, more potent tool, was to deliberately run a fiscal deficit as a strategy for increasing aggregate demand. The GT was too late to have much of an impact on the Great Depression, but it did have a major impact on the economic policies of the Western Democracies from 1946 to the present. During the period 1979 to 2001, Keynesianism was supposedly discredited, but national governments continued to use stimulus packages and monetary policy to resolve recessions. The policy has evolved, but remains the cornerstone of actually existing government behavior. Attacks on Keynesianism: the most famous adversary of the GT was Friedrich von Hayek (1899-1992) of the London School of Economics, who insisted that an authentically free market would be self-correcting if it were only allowed to. Hayek's objections were ideological, but other economists such as John Muth argued that the GT expected people to make irrational, or unreasonable errors. During the late 1970's, Keynesianism was eclipsed by the Rational Expectations Hypothesis; but REH failed to develop satisfactory policy proposals, while Neo-Keynesian economics evolved to address many of the original REH criticisms.
The Urban Dictionary Mug
got one for Cole M.'s mother, she loved it! Best mediocrely- timed sex ever!!!
The mug is beautiful and I love it! Thank you for having a handle large enough for a man to hold onto! ♥️
Mug printed nicely. Great gift idea.
Really great! Your custom mugs are amazing and hilarious
lit af my name is Frey and the def isnt true but its so great
Cole M. got me one for my birthday, fastest sex ever
Cole M. got this for me. best sex of my life.
Got it for Cole M. girlfriend. Slowest sex of my life.
Fucking awesome. Bought this while drunk and don't regret it.
Cole M. gifted one for me on my birthday. I will never forget that day. 10/10
I didn’t get one yet but if I did it would also be for Cole M.’s girlfriend, we would have amazing sex
Was a gift and arrived on time. Just as advertised. Lots of fun.
The price is a little bit expensive, but the gift arrived as ordered. Thanks!
The price was a little expensive, but the gift arrived as ordered. Thanks!
Great mug got one for my highschool crush
I was very pleased with the mug and I was thrilled that I could purchase a customized item that perfectly suited the person I was gifting. The only issue I had was that it didn't have the quote from the tv show the word came from as that was pictured on the mug prior to purchase.
Came out just as described! Had the full definition. Very pleased!
Perfect gift As a joke I gave one to my mate but I costumised it. It said tom drunk 24/7 ugly and got lovely hair. The lovely hair part was a joke coz he don’t have any. It was his favourite gift he got for his birthday and he drinks his beer out of it 😂
Great mug…. Got one for Cole M.’s girlfriend.
I ordered a customized mug for my gf and everything came out well. There were no autocorrect mistakes and the mug was unscratched. Would shop here again
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