John Maynard Keynes’ great insight was to see that all of this was nonsense. The job market is a very special market, because the people who get “bought” are al

John Maynard Keynes’ great insight was to see that all of this was nonsense. The job market is a very special market, because the people who get “bought” are also the people doing all the buying. After all, why is it that people are hired to farm wheat? It’s because, at the end of the day, other people want to buy it. But if lots of people are out of a job, they’re doing their best to save money, which means cutting back on purchases. And if they cut back on purchases, that means there are fewer people for business to sell to, which means businesses cut back on jobs. Except this applies to all other markets too. If people can't sell stuff, they won't be able to buy stuff, and this effect can balloon in the same manner. Good luck with your economics, Aaron.