John Maynard Keynes
British economist
governments should spend their way out of the depression
borrow money to be repaid after economy recovers
deficit financing
projects should be of value to the country
went against adam smiths theories
USA Jaspan and Hitler's germany all used this with success
Summary: John Maynard Keynes was a british economist who thought that governments should spend their way out of the depression. He believed that projects should be a value to the country and went against Adam Smith's theories. The United States, Japan, and Hitler's Germany all used this with success.
governments should spend their way out of the depression
borrow money to be repaid after economy recovers
deficit financing
projects should be of value to the country
went against adam smiths theories
USA Jaspan and Hitler's germany all used this with success
Summary: John Maynard Keynes was a british economist who thought that governments should spend their way out of the depression. He believed that projects should be a value to the country and went against Adam Smith's theories. The United States, Japan, and Hitler's Germany all used this with success.
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