Keynesian economics is different because it suggests using fiscal policy to prevent a recession from happening, or to prevent one that has started from becoming a severe depression. Slide 31 Problems with Keynesian fiscal policy 1. People who buy the newly issued government bonds are not investing in entrepreneurial activity. It claims that taxes and regulations destroy too much wealth and should be lowered. The relation between inflation and excessive money creation.
Price discrimination gives more of the gains from trade to the producer.
The inefficiency is eliminated here too, but with consumers getting the gains.