Blog: Keynes’ Theory of Employment, Interest, and Money proves itself during corona crisis

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The corona crisis brings the market into an imbalance. It seems as if the economic theory of John Maynard Keynes is proving itself more clearly than ever before! RESEARCH | ARTICLE © Noemi Schäfer, Anneke Blaas, Jade Hochschule, University of Applied Sciences, Wilhelmshaven, Germany Also read the related fact check: ‘Mostly True: German newspaper claims…

Mostly True: German newspaper claims “people are hoarding cash” in the crisis

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Referring to the European Central Bank (ECB) the german „Frankfurter Allgemeine Zeitung“ (FAZ) headlined on September 24th, 2020: “In the crisis, people are hoarding cash.“ Even if the term “hoarding” is incorrect in this case, all other figures, facts, quotations and the context are correct, which is why the claim is to be assessed as…