john maynard keynes
- British economist
- Governments should spend their way out of Depression
- Borrow money to be repaid after economy recovers
- Deficit financing
-Projects should be of value to the country
- Went against Adam Smith's theories
- U.S.A., Japan, and Hitler's Germany all use this with success.
- Governments should spend their way out of Depression
- Borrow money to be repaid after economy recovers
- Deficit financing
-Projects should be of value to the country
- Went against Adam Smith's theories
- U.S.A., Japan, and Hitler's Germany all use this with success.