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NOTE What is the Keynesian view of the role of government vis-a-vis the free market?

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And so the Keynesian picture of the economy is essentially one where a free market economy is essentially one where the economy is like an automobile and you're driving down a very narrow sort of tightrope or ledge with two abysses on either side.

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One is the abyss of unemployment, which occurs if there's too little spending. The other is the abyss of inflation, which occurs if there's too much spending.

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And the task of the government, the government is sort of the pop-up driver of the car, obviously if you have an economy in the car you have to have somebody driving it.

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And so the task of big brother government is to be at the steering wheel, keeping, fine-tuning the economy in such a way as to keep total spending perfectly, precisely attuned to the so-called full employment line,

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which is that the economy doesn't fall off on one hand of the abyss of depression and the other hand of the abyss of inflation.