His solution was simple: “The right remedy for the trade cycle is not to be found in abolishing booms and thus keeping us permanently in a semi-slump; but in abolishing slumps and thus keeping us permanently in a quasi-boom.” For Keynes, the underlying problem was a failure of the economy’s credit channels.
他的解决方案也很简单：“纠正贸易周期的正确方法并不是消灭繁荣而使我们长期处于半衰退状态；而是消灭衰退而令我们长期处于准繁荣状态。”对于凯恩斯来说，最基本的问题在于经济体的信贷渠道出现失灵。即便还有很多方法可以令人们积极开展工作，但对泡沫爆破以及随后银行倒闭潮的金融应对手段导致自然利率低于零。