Keynes
- british economist
- 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 Smiths theories
- USA, Japan and Germany all use this with success
Quotes
"Successful investing is anticipating the anticipations of others." -John Maynard Keynes
Summary
A economist whose idea to help the US was to spend more money to get the economy flowing.
Subjunctive question
Would Adam Smiths ideas have been better?
"Successful investing is anticipating the anticipations of others." -John Maynard Keynes
Summary
A economist whose idea to help the US was to spend more money to get the economy flowing.
Subjunctive question
Would Adam Smiths ideas have been better?