John Maynard Keynes
British Economist
Believed Governments should spend their way out of depression
Borrow money to be repaid after economy recovers
Deficit Financing (spent money to make money)
Believed Governments should spend their way out of depression
Borrow money to be repaid after economy recovers
Deficit Financing (spent money to make money)
Summary
The policies brought to the table by Franklin D. Roosevelt were based on the ideals of a past economist, John Maynard Keynes. Primarily he believed that in order to spark economic recovery money first had to be spent, and then it was possible to later make it back.