Yes there were other boom and busts. But Keynes makes sure of it. According to Hayek (and many others), Keynesian spending policies are not a solution to unempl

Yes there were other boom and busts. But Keynes makes sure of it. According to Hayek (and many others), Keynesian spending policies are not a solution to unemployment or economic crises. On the contrary, they are a real threat to economic stability.