JOHN MAYNARD KEYNES
-was a British Economist
-Believed governments should spend their way out of a depression -Deficit Financing
-Borrowing money to be rapid after economy recovers
-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
-Believed governments should spend their way out of a depression -Deficit Financing
-Borrowing money to be rapid after economy recovers
-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
"Successful investing is anticipating the anticipations of others"
- John Maynard Keynes
- John Maynard Keynes
Summary
Keynes' theory was the theory that the US took to get themselves out of the depression.
Keynes' theory was the theory that the US took to get themselves out of the depression.