John Maynard Keynes, the leading economist of the 1930s, believed that intervening in free markets will cause inefficiencies to develop, make the situation worse, and create additional problems.

Question

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This statement is actually the opposite of Keynes' beliefs. Keynes believed that governments should intervene in free markets during times of economic crisis to stimulate demand and prevent or alleviate economic downturns. He argued that leaving the market to correct itself would often lead to prolonged periods of high unemployment and low economic growth.

John Maynard Keynes, the Leading Economist of the 1930s, Believed