John Maynard Keynes
British Economist
Government 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
USA, Japan and Hitler's Germany all use this with success
John was an English economist who's ideas were used by many countries to get out of bad economic situation. Used by USA Japan and Hitler's Germany.
Government 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
USA, Japan and Hitler's Germany all use this with success
John was an English economist who's ideas were used by many countries to get out of bad economic situation. Used by USA Japan and Hitler's Germany.