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When the world ran out of money, he told governments to print more — and they listened. John Maynard Keynes didn’t just change economics; he changed how power works. In the ruins of the Great Depression, he taught nations that spending could end suffering — and that debt could be salvation. But the cure that saved capitalism also made it addicted. This is the story of how one economist turned crisis management into a way of life — and how we’re still living in his experiment. • Keynes’s 1936 book The General Theory of Employment, Interest and Money redefined modern economics by arguing that governments must spend during recessions to restore demand. • His concept of aggregate demand — total spending by households, firms, and governments — became the foundation of macroeconomics. • The “multiplier effect” explained how one dollar of government spending can create more than one dollar of economic growth. • During World War II, Keynes’s logic powered the Allied economies — proving that massive public spending could end unemployment and revive production. • His influence shaped the Bretton Woods system, postwar reconstruction, and the longest economic boom in modern history (1945–1973). • Keynesian economics collapsed in the 1970s under stagflation, but its methods returned after the 2008 financial crisis and again during the pandemic. • Today’s governments rely on stimulus and debt in ways Keynes never intended — turning temporary rescue into permanent policy. • The result: an economy that survives by spending, and a world addicted to intervention. Leave your take in the comments and smash Hype next to the comments. #FinancialHistory #EconomicHistory #KeynesianEconomics #GreatDepression #Macroeconomics #financialhistorian #thefinancialhistorian

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