If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has. -JMK
This recession that we have been suffering through since essentially late 2007 is not something new; our economic history contains numerous instances of negative-growth economies, some obviously worse than others.
However, in many ways, our current situation has perhaps brought to light the name John Maynard Keynes; a name that most likely wasn’t familiar to most people before this recent downturn and even in the midst of our recession, who he actually was and how his writings have influenced our economy may not be well known.