2008–2009 Keynesian resurgence

During the 2008-2009 economic crisis, the Keynesian economic approach got popular again. Keynesian economics is based on the ideas of British economist John Maynard Keynes. Keynes said that when people don't have enough money to buy things and businesses can't increase production, the government should step in and give money to help people and businesses get by. This is called "stimulus spending", and it can help people and businesses stay afloat until the economy improves. During the economic crisis of 2008-2009, most governments around the world decided to use this approach, and it paid off. Many people were able to keep their jobs and businesses were able to survive. In the end, this helped economies all around the world recover faster and get back on their feet.