John Maynard Keynes
- British economist
- Governments 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
QUOTE:
"Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone."
"Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone."