Two video: Keynesian Economic by Jacob Clifford and Keynes vs Hayek

1. What are the two most significant [central, useful, meaningful, surprising, disturbing] things you learned from the videos? 2. After reading the chapters and watching the videos, what area or item do you feel like you least understand? What questions remain uppermost in your mind? 3. We had several fiscal stimulus packages during the last several administrations and to try to expand the economy. We also had huge infusions of money during the Covid pandemic. We borrowed and spent trillions of dollars and got a relatively small increase in the GDP. However, prior to Covid, real incomes are up and unemployment is down. We will have to see how the economy does longer-term after all the COVID spending. Some would argue the money was well spent and it just took longer than expected but the economy is now on track and we did the right thing for the massive spending prior to Covid and now they are arguing for even more spending to recover from the downturn caused by Covid. Some would argue that all the borrowed money has pushed us much deeper in debt and the economy would have recovered without any help from the government. The whole thing was a waste and dangerously flawed public policy. They continue that the rise in prices, inflation, is also going to hurt especially the lower-income population more than anyone