John Maynard Keynes wrote that economies can suffer recession or depression for many years if the government does not intervene.

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Keynesian economics argues that government intervention is necessary to stabilize a struggling economy and prevent prolonged recessions or depressions. Keynes believed that in times of economic downturn, the government should increase spending and lower taxes to stimulate demand and boost economic activity.

John Maynard Keynes Wrote That Economies Can Suffer Recession or Depression