John Maynard Keynes
"Successful investing is anticipating the anticipations of others"
- John Maynard Keynes
- 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
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Summary
John Maynard Keynes was economist who developed the theory of spending your way out of a depression. His theory was quickly adopted and made successful by many nations like Japan, USA, and Germany.
John Maynard Keynes was economist who developed the theory of spending your way out of a depression. His theory was quickly adopted and made successful by many nations like Japan, USA, and Germany.