John Maynard Keynes
*British economist
*Governments should spend their way our of the Depression
*Controverse to what Hoover had said
*Borrow money to be repaid after the 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
*Governments should spend their way our of the Depression
*Controverse to what Hoover had said
*Borrow money to be repaid after the 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
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