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1 What Keynes Really Said about Deficit Spending - JSTOR
https://www.jstor.org/stable/4538449
It is commonly believed that Keynes' primary policy prescription for economic stabilization and full employment is federal govenment deficit spending.
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2 Not Even Keynes Can Help Us Now - Bloomberg.com
https://www.bloomberg.com/opinion/articles/2022-11-14/as-recession-looms-keynes-s-theories-offer-little-guidance
The standard Keynesian doctrine is to run a budget surplus in good times, and then use deficit spending to stimulate the economy in bad times.
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3 Running a Surplus in Normal Times is Keynesian
https://www.rogerfarmer.com/rogerfarmerblog/2015/06/running-surplus-in-normal-times-is.html
Sensible fiscal policy demands that a government should be prepared to run deficits in recessions, but that during normal times, expenditures on ...
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4 Not Even Keynes Can Help Us Now - The Washington Post
https://www.washingtonpost.com/business/not-even-keynes-can-help-us-now/2022/11/14/d2c2bdf4-642d-11ed-b08c-3ce222607059_story.html
The standard Keynesian doctrine is to run a budget surplus in good times, and then use deficit spending to stimulate the economy in bad ...
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5 Fiscal Policy and Budget Deficits - Common Sense Economics
https://commonsenseeconomics.com/wp-content/uploads/CSE_Fiscal-Policy_Student.pdf
The budget surplus would reduce the government's outstanding debt. ... During a recession, Keynes argued that, rather than balancing its budget, the.
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6 Keynesian Economics - Econlib
https://www.econlib.org/library/Enc/KeynesianEconomics.html
Nearly all Keynesians and monetarists now believe that both fiscal and monetary policies ... They often quote Keynes's famous statement, “In the long run, ...
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7 FDR: From Budget Balancer to Keynesian
https://www.fdrlibrary.org/budget
He promised to balance the federal budget, which Herbert Hoover had been ... had accepted the recent theories of British economist John Maynard Keynes, ...
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8 What Keynes can teach us about government debt today
https://www.weforum.org/agenda/2019/06/keynes-john-maynard-economics-government-spending/
His idea was to use fiscal policy to maintain a high level of public or semi-public investment. Investment should encourage consumption by ...
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9 In Keynes' philosophy of government budgets - Study.com
https://homework.study.com/explanation/in-keynes-philosophy-of-government-budgets-a-permanent-surpluses-are-desirable-b-permanent-deficits-are-desirable-c-the-goal-is-to-have-a-budget-surplus-d-deficits-are-appropriate-during-recessions.html
When is the Best Time to Balance the Budget? ... Increasing government spending increases economic output. ... Keynesian economists recognize that ...
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10 The Keynesian Path to Fiscal Irresponsibility
https://ciaotest.cc.columbia.edu/journals/cato/v32i3/f_0026176_21435.pdf
tionary overheating by reducing demand with a budget surplus gen- ... As discussed by Keynes and his early followers, there.
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11 Fiscal Policy - Economics - Cliffs Notes
https://www.cliffsnotes.com/study-guides/economics/fiscal-and-monetary-policy/fiscal-policy
When government expenditures are less than tax revenues in a given year, the government is running a budget surplus for that year. The budget surplus is the ...
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12 What Keynes Really Said - Harvard Business Review
https://hbr.org/2009/02/should-we-all-be-keynsians-now
John Maynard Keynes, that icon of liberal economic activism, ... should be suspending their balanced-budget laws to address the crisis.
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13 The Keynesian View of Fiscal Policy
https://myweb.fsu.edu/jdgwartney/Documents/Powerpoint/CH_11_16th.pptx
John Maynard Keynes was the most influential economist of the 20th Century. ... A budget surplus is present when total government spending is greater than ...
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14 Where Does the Idea That Deficits Don't Matter Come From?
https://www.aier.org/article/where-does-the-idea-that-deficits-dont-matter-come-from/
Many believe that the postulate that public budget deficits do not matter comes from John Maynard Keynes, the English economist who proposed ...
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15 Balanced budget - Wikipedia
https://en.wikipedia.org/wiki/Balanced_budget
A balanced budget is a budget in which revenues are equal to expenditures. Thus, neither a budget deficit nor a budget surplus exists (the accounts ...
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16 The Keynes People Play: What To Expect From Fiscal Policy-Makers ...
https://seekingalpha.com/article/4143689-keynes-people-play-what-to-expect-from-fiscal-policy-makers
Keynes was himself forthright that stimulative deficit spending during economic ... Indeed, there have only been five very brief periods of budget surplus, ...
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17 14. Unemployment and fiscal policy – The Economy
https://www.core-econ.org/the-economy/book/text/14.html
The future president wanted to learn 'the new economics', which John Maynard Keynes, an economist who we will learn more about in Section 14.6, ...
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18 Debt & Deficits: Economic and Political Issues
https://www.bu.edu/eci/files/2020/06/Debt-and-Deficits_Final-1.pdf
Governments should run deficits during bad economic times, and balance the budget during good times. In many ways the New Deal was exactly what. Keynes was ...
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19 Robert Skidelsky on Twitter: "Keynes for the Beginner, Lesson ...
https://twitter.com/rskidelsky/status/1278960058056015872
Keynes for the Beginner, Lesson 1: Being Keynesian doesn't mean running budget deficits. It means having a theory of the economy which justifies ...
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20 John Maynard Keynes and the Revolution in Economic Thought
https://www.crf-usa.org/bill-of-rights-in-action/bria-25-3-john-maynard-keynes-and-the-revolution-in-economic-thought.html
A debate then took place among Roosevelt's economic advisers. One group wanted to spend less and balance the budget. The other group agreed with Keynes that the ...
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21 Overview - Economics U$A
https://wwnorton.com/college/econ/ecu7/section06/default.htm
To show that a key element of Keynes' contribution is that, ... Key Economic Concepts aggregate demand management, budget surplus and deficit, lump-sum tax, ...
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22 Redalyc.Chicago, Keynes and Fiscal Policy
https://www.redalyc.org/pdf/601/60124601.pdf
show a surplus, to finance the expenditures of the capital budget which played the stabilizing role over the economic cycle. For Keynes, capital.
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23 Ch 15 – Fiscal Policy - Pittsford Schools
https://www.pittsfordschools.org/site/handlers/filedownload.ashx?moduleinstanceid=35040&dataid=80269&FileName=Econ_Ch15%20Fiscal%20Policy.ppt
Understand what fiscal policy is and how it impacts the economy ... Keynes believed that the government could increase spending during a recession to ...
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24 Rethinking the Economics of Budget Surpluses - Thomas Palley
http://thomaspalley.com/docs/articles/macro_policy/rethinking_surplusses.pdf
Key words: Fiscal policy, government debt, budget surplus, budget deficit ... “Expectations, the Production Period, and Keynes' Aggregate Supply Schedule,”.
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25 Fiscal policy | Definition, Examples, Importance, & Facts
https://www.britannica.com/topic/fiscal-policy
Keynes's rule, briefly, was that the budget should be in deficit when the economy was experiencing low levels of activity and in surplus ...
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26 Macroeconomics Fiscal Policy - CIA4U - E-Learning Ontario
https://lah.elearningontario.ca/CMS/public/exported_courses/CIA4U/exported/CIA4UU03/CIA4UU03/CIA4UU03A02/_content.html
This is a diagram of a balanced budget. Keynes said, instead of balancing the budget every year (T=G) that the government should balance ...
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27 (PDF) Keynes's view of deficits and functional finance
https://www.researchgate.net/publication/325297121_Keynes's_view_of_deficits_and_functional_finance_a_Modern_Monetary_Theory_perspective
Fiscal policy became at least temporarily acceptable again, in turn leading to government deficits and debt, as a proportion of GDP, reaching ...
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28 An Introduction to Keynes & Fiscal Policy
https://web.uri.edu/acmead/files/1930sB.compressed.pdf
John Maynard Keynes provided the theoretical basis for a reconsideration of ... Unemployment is simply a surplus, and we know from our analysis of supply ...
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29 Macro Chapter 11 & 12 Flashcards - Quizlet
https://quizlet.com/12701003/macro-chapter-11-12-flash-cards/
increase, decrease, surplus, deficit. What is the Keynesian view of fiscal policy? Keynes believed that since prices, wages and interest rates were sticky ...
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30 American Democracy and the Problem of Fiscal Deficits
https://www.mof.go.jp/english/pri/publication/pp_review/ppr15_02_02.pdf
gressivist ideology supported Keynes's support of concentrated political ... matter, however, budget balance is easy to achieve, as Miller (1994) explains.
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31 Keynesian Fiscal Policy and the Multipliers
https://faculty.washington.edu/cnelson/Chap11.pdf
The governments of Britain and the U.S. did not embrace the policies advocated by Keynes and instead continued to try to balance their budgets until the ...
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32 Fiscal Policy in the Shadow of the Great Depression
https://www.nber.org/system/files/chapters/c6888/c6888.pdf
pression principle of budget balance after World War 11: the political economic ... work: that of Keynes's (1936) General Theory. Stein quotes Keynes that ...
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33 focus-on-balancing-the-budget.pdf - Fraser Institute
https://www.fraserinstitute.org/sites/default/files/focus-on-balancing-the-budget.pdf
Balance the economy--not the budget ... What does budgetary balance mean exactly? ... brilliant stroke of rhetoric, Keynes destroyed the notion that.
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34 The New Deal and Recovery, Part 17: The Keynesian Myth ...
https://www.cato.org/blog/new-deal-recovery-part-17-keynesian-myth-concluded
177) observes, far from taking Keynes's advice that he ratchet‐​up ... Though the Economy Act failed to balance the budget, Roosevelt did ...
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35 Arguments for and Against Balancing the Budget
http://kolibri.teacherinabox.org.au/modules/en-boundless/www.boundless.com/economics/textbooks/boundless-economics-textbook/fiscal-policy-26/evaluating-fiscal-policy-113/arguments-for-and-against-balancing-the-budget-437-12534/index.html
There is neither a budget deficit nor a budget surplus; in other words, ... John Maynard Keynes founded the Keynesian school, which promotes balanced ...
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36 Fiscal vs Monetary Policy
https://faculty.etsu.edu/hipples/fpvsmp.htm
According to Keynes, a recession requires deficit spending while an overheated expansion requires a budget surplus. 1) Discretionary Fiscal Policy. The first ...
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37 Chapter 10 Keynes and the Multiplier - Digital History
http://www.digitalhistory.uh.edu/teachers/lesson_plans/pdfs/unit9_10.pdf
balance the budget and not increase government spending. ... One economist, an Englishman by the name of John Maynard Keynes, disagreed with those who.
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38 Section 4: The Tax Multiplier and the Balanced Budget Multiplier
https://inflateyourmind.com/macroeconomics/unit-5/section-4-the-tax-multiplier-and-the-balanced-budget-multiplier/
When the government raises taxes, private spending decreases. Keynes noted, however, that the decrease in overall spending from a tax increase is not as large ...
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39 Keynes Was No Keynesian - Hoover Institution
https://www.hoover.org/research/keynes-was-no-keynesian
The disappointing aggregate outcome of Keynesian policies is found in many countries. For example, Brazil went from a 3% budget surplus in 2011 to a ...
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40 A burden on future generations? How we learned to hate ...
https://journals.sagepub.com/doi/full/10.1177/0038026121999211
It was in this context that Keynes first introduced the idea that the government budget could be actively deployed to manage the inevitable ...
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41 Keynes and the Myth of Permanent Deficit Spending
https://intellectualtakeout.org/2018/02/keynes-and-the-myth-of-permanent-deficit-spending/
Keynes actually advocated high inflation in Germany in the 1920s as a way to offset the punitive cost of the reparations. (Unfortunately, this ...
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42 Macro Exam 2 Self Test -- ANSWERS
https://sites.pitt.edu/~mgahagan/MacroExam2SelfTest.Answers.pdf
Keynes shifted the focus to disposable income. ... the sum of private investment, the government budget deficit, and the international current account ...
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43 Democracy in Deficit: The Political Legacy of Lord Keynes
https://oll.libertyfund.org/title/wagner-democracy-in-deficit-the-political-legacy-of-lord-keynes?html=true
Even the most ardent Keynesian could not legitimately support the creation of budget deficits in periods of full employment and high national income. In other ...
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44 Democracy in Deficit: The Political Legacy of Lord Keynes ...
https://www.amazon.com/Democracy-Deficit-Collected-Works-Buchanan/dp/0865972281
This is the first statement of what economists call a countercyclical fiscal policy.Keynes's additional provision is that the budget be split into two ...
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45 Deficit hysteria debunked: in the long run, Keynes was right
https://theconversation.com/deficit-hysteria-debunked-in-the-long-run-keynes-was-right-14465
In this light, Australian Treasurer Wayne Swan faced a paradoxical dilemma in designing his most recent budget. If he had aimed for a surplus, ...
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46 What role for fiscal policy in times of crisis, low interest rates ...
https://www.econstor.eu/bitstream/10419/251512/1/1795757752.pdf
1993) and they did so based on the principles associated with Keynes's ... Lerner meant that fiscal policy – roughly speaking, the balance between public.
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47 Chicago, Keynes and Fiscal Policy
https://www.scielo.org.mx/pdf/ineco/v62n246/0185-1667-ineco-62-246-15.pdf
policy in Keynes –especially fiscal policy, which he reveals as the most ... To illustrate this concern with budget balance, Keynes (1980a: 204-205).
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48 Keynesian Economics and Deficit Spending with Jacob Clifford
https://www.youtube.com/watch?v=xKGtmzLP8gw
Jacob Clifford
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49 7 A 'Keynesian Revolution'? - Springer
https://link.springer.com/content/pdf/10.1007/978-1-349-07019-0_7.pdf
However, Keynes's own target for post-war unemployment ... could thus readily embrace the idea of a budget surplus even although leading officials were ...
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50 The Consequences of Mr Keynes - Institute of Economic Affairs
https://www.iea.org.uk/sites/default/files/publications/files/THE%20CONSEQUENCES%20OF%20MR%20KEYNES.pdf
(i) Budget surpluses and democratic politics. Assuming an initial situation of budget balance, the creation of a budget surplus requires an increase in real ...
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51 Lost in consolidation? Declining public investment, multiplier ...
https://www.tandfonline.com/doi/full/10.1080/01603477.2022.2077764
“Look after the unemployment,” Keynes once claimed, “and the budget will look after itself” (Keynes 1933Keynes, J. M. 1933. “Cheap Money, Wise ...
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52 Deficit Spending | Encyclopedia.com
https://www.encyclopedia.com/economics/encyclopedias-almanacs-transcripts-and-maps/deficit-spending
The budget moved from a $734 million surplus in fiscal year 1929 to a $2.7 billion deficit in fiscal year 1932. President Herbert Hoover initially regarded ...
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53 Solved Which of the following statements is true? Keynes
https://www.chegg.com/homework-help/questions-and-answers/following-statements-true-keynes-argues-government-run-balanced-budget-even-recession-mark-q97758079
Keynes argues that the government should run a balanced budget even in recession because the market system can self correct economic problems. Keynes explains ...
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54 Keynes's economics and the question of public debt
https://ses.library.usyd.edu.au/bitstream/2123/8007/1/Jack%20Dwyer%20thesis.pdf
In this regard Keynes acknowledged that there was a significant role for cyclical influences on the ordinary budget balance. Kregel (1985: 33-34 ...
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55 Economic Possibilities for our Grandchildren
http://www.econ.yale.edu/smith/econ116a/keynes1.pdf
Keynes on Possibilities. 1. John Maynard Keynes,. Economic Possibilities for ... repudiate four fifths of the national debt, and hoard our surplus wealth in.
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56 Keynesianism Might Help Tackle the Gathering Economic Crisis
https://www.indepthnews.net/index.php/opinion/5464-keynesianism-might-help-tackle-the-gathering-economic-crisis
Keynes regarded balance of payments surpluses as a vice and deficits as a virtue. It is deficits that sustain demand and generate increased ...
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57 3. Keynesian theories of public debt - Elgaronline
https://www.elgaronline.com/downloadpdf/9781785363375/chapter03.xhtml
fiscal policy with budget balance and limited debt issuance. Yet he also ... Keynes's theory of deficit spending's power to “stimulate” an economy.
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58 Keynesian Multiplier - Overview, Components, How to Calculate
https://corporatefinanceinstitute.com/resources/economics/keynesian-multiplier/
The main idea put forth by Keynes in The General Theory was that recessions and depressions could occur because of inadequate demand in the ...
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59 Budget Deficit | Economics - Tutor2u
https://www.tutor2u.net/economics/topics/budget-deficit
A budget deficit occurs when government spending is greater than tax revenues. ... Why Keynes argued there must be limits to government borrowing.
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60 The Macroeconomic Effects of Deficit Spending: A Review
https://files.stlouisfed.org/research/publications/review/88/11/Deficit_Nov_Dec1988.pdf
'One of Keynes' initial arguments was that saving would exceed ... the actual and cyclically adjusted budget deficit. ... budget surplus or deficit.
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61 Economic Recovery in the Age of COVID-19 - Intereconomics
https://www.intereconomics.eu/contents/year/2020/number/6/article/economic-recovery-in-the-age-of-covid-19.html
Being Keynesian means having a theory of the economy that justifies the use of the state budget to balance economic activity at an optimal level of output ...
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62 What are automatic stabilizers? - Brookings Institution
https://www.brookings.edu/blog/up-front/2019/07/02/what-are-automatic-stabilizers/
Thus, the role of fiscal policy in economic stabilization is being ... and localities are generally required to balance their budgets, ...
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63 Minsky and Economic Policy: "Keynesianism" all over again
https://college.lclark.edu/live/files/31159-minsky-and-keynes
Following Keynes, Minsky stated that unfair distribution, economic instability and unemployment ... DEF the government fiscal deficit, and NX net exports.
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64 Fine Tuning the Economy - LAITS
http://www.laits.utexas.edu/~anorman/CLass.Notes/FineTune/FineTune1.html
Keynes wrote his book, General Theory of Employment, Interest and Money to argue that in ... politicians believed they were obligate to balance the budget.
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65 Keynes, inflation and the public debt: How to Pay for the War ...
https://www.cambridge.org/core/journals/financial-history-review/article/keynes-inflation-and-the-public-debt-how-to-pay-for-the-war-as-a-policy-prescription-for-financial-repression/FE4D1C21FA279ACCC71F34DFFB124751
Keynes's aim was to solicit widespread support for a war-financing scheme as Britain was starting to mobilise. Keynes was realistic about the ...
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66 The Keynesian Orthodoxy - UC Press E-Books Collection
https://publishing.cdlib.org/ucpressebooks/view?docId=ft5d5nb36w&chunk.id=d0e1096&toc.depth=1&toc.id=d0e1091&brand=ucpress
Keynes argued that the government could create demand, either by itself purchasing new goods and services (direct spending) or by increasing the money in ...
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67 Why Is Keynesianism Apparently Fading With So Much of the ...
https://www.wsj.com/articles/SB917908248144134500
The most influential economist of this century, John Maynard Keynes armed policy makers with fiscal weapons to fight recession and ...
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68 'Tired of Obama' Taking Keynes' Name in Vain - CNBC
https://www.cnbc.com/2011/06/10/tired-of-obama-taking-keynes-name-in-vain.html
“What those quoting him forget though is that Keynes said governments should run a budget surplus in the good times,” said de Noronha.
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69 THIRD TEXT Keynes' largest influence came from a convoluted ...
https://fl56.com.br/third-text-keynes-largest-influence-came-from-a-convoluted-1495453
In the 1932 presidential election, Franklin Roosevelt had blasted Herbert Hoover for running a deficit, and dutifully promised he would balance the budget ...
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70 The cyclically-adjusted budget balance in EU fiscal policy ...
https://ec.europa.eu/economy_finance/publications/pages/publication14644_en.pdf
Keynes' General Theory has had a far-reaching impact on economic thinking and economic policy making. One of the key contributions of his chef d'oeuvre was to ...
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71 Blog: COVID-19 Crisis Responses: the Conundrum for ...
https://thecommonwealth.org/news/blog-covid-19-crisis-responses-conundrum-developing-countries
Whilst before Keynes, the classical view was to run a balanced budget – that is, maintaining a constant balance between government's ...
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72 Economic statesmanship | Keynes: A Very Short Introduction
https://academic.oup.com/book/383/chapter/135196439
The significance of Keynes's proposals was thus twofold: they sought to circumvent the problem of 'cost push' inflation at full employment; and they claimed for ...
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73 The Budget Surplus Objective - The Australia Institute
https://australiainstitute.org.au/wp-content/uploads/2020/12/P841-The-Budget-Surplus-Objective-5bWEB5d-.pdf
generating a budget surplus and paying down government debt. ... which are outlined in his book, How to pay for the war (Keynes.
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74 Keynesian Economics Theory: Definition, Examples
https://www.thebalancemoney.com/keynesian-economics-theory-definition-4159776
Keynesian economics is a theory that says the government should increase demand to boost growth. · The British economist John Maynard Keynes ...
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75 Finance-Investment and Savings-Funding, open economy ...
https://www.boeckler.de/pdf/v_2016_10_22_resende.pdf
According to Keynes (1937a, b), the FISF circuit first phase is finance. ... for the government's budget: equilibrium, surplus or fiscal deficit.
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76 The Continuing Legacy of John Maynard Keynes
https://www.levyinstitute.org/pubs/wp_514.pdf
This working paper examines the legacy of Keynes's General Theory of Employment, ... moves the government budget toward balance and even to a surplus, ...
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77 Impact of Expansionary Fiscal Policy - Economics Help
https://www.economicshelp.org/blog/617/economics/impact-of-expansionary-fiscal-policy/
Keynes said expansionary fiscal policy should be used during a recession – when there is unemployment, surplus saving and falling real ...
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78 How the Macroeconomic Theories of Keynes influenced the ...
https://www.atiner.gr/journals/law/2015-1-1-3-Sangkuhl.pdf
Keynes‟ seminal economic work, The General Theory of Employment, ... follow the advice of Niemeyer, which was to balance budgets, which included.
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79 Macroeconomics FISCAL POLICY - Peoi.org
https://www.peoi.org/Courses/Coursesen/mac/fram9.html
Keynes recommends to use an expansionary fiscal policy in the case of a recession: ... and increased taxation if the budget surplus is used to repay debt.
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80 The great divide? Keynes and Friedman on employment policy
https://www.cairn.info/revue-cahiers-d-economie-politique-1-2012-1-page-223.htm?ref=doi
27The Capital Budget is the basic institution that must be established to effect the socialisation of investment. It aims to “balance and stabilise the ...
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81 The Economy Bill- John Maynard Keynes
https://www.economicsnetwork.ac.uk/archive/keynes_persuasion/The_Economy_Bill.htm
The Budget and the Economy Bill are replete with folly and injustice. ... It will have comparatively little effect on the balance of trade.
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82 IT'S OFFICIAL: Keynes Was Right - Yahoo Finance
https://finance.yahoo.com/blogs/daily-ticker/official-keynes-112244405.html
Now, this is not to say that the global debt-and-deficit situation is not ... leaders took a nice big budget surplus and then squandered it.
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83 BIS Papers - No 65 - Threat of fiscal dominance?
https://www.bis.org/publ/bppdf/bispap65.pdf
market operations in long-term government debt were central to Keynes's ... overfunding the budget deficit (that is, issuing more long-term debt than needed ...
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84 Twin deficit hypothesis and reverse causality: a case study of ...
https://www.nature.com/articles/s41599-019-0304-z
This means that an increase in budget deficit will lead to a current account deficit and a budget surplus will have a positive impact on the ...
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85 The Economic Consequences of the European Debt crises
https://www.postkeynesian.net/downloads/Jespersen/JJ221013.pdf
would, according to Keynes, choke the German economy and by that ... sector budget deficit in the middle of the economic crisis in order to comply. The.
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86 Long Run Association between Public Debt and Economic ...
https://www.scirp.org/journal/paperinformation.aspx?paperid=84088
He also favored creating surplus budgets to eliminate government debt when the economy is overly active. Thus, Keynes was flexible for both situations ...
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87 BUDGET SURPLUS MANAGEMENT AND FISCAL “FINE ...
https://vgmu.hse.ru/data/2021/01/22/1349076763/6_Bloc_Engl_6_2020.pdf
a budget surplus when providing economic growth for the national ... noted that the Ricardian multiplier is equal to zero and has a Keynes-.
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88 Paul Krugman: Keynes Was Right - Economist's View
https://economistsview.typepad.com/economistsview/2011/12/paul-krugman-keynes-was-right.html
So declared John Maynard Keynes in 1937, even as FDR was about to prove him right by trying to balance the budget too soon, sending the United States ...
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89 Chapter 3 - Parliament of Australia
https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/Completed_inquiries/2008-10/eco_stimulus_09/report/c03
3.5 Keynes expounded the case for an 'activist' fiscal policy, most notably in his influential ... ...the budget deficit will add to the foreign borrowing.
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90 Look after the unemployment, and the budget will look after itself
http://bilbo.economicoutlook.net/blog/?p=18488
'Look after unemployment,'Keynes once wrote, 'and the budget will look after itself.' This would be fine if budget deficits were purely cyclical ...
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91 Keynes's economics and the question of public debt
https://www.academia.edu/9311527/Keyness_economics_and_the_question_of_public_debt
Keynes is commonly understood to have called for the 'fine-tuning' of government expenditure through temporary fiscal stimulus, together with public works ...
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92 John Maynard Keynes, Economic Possibilities for our ...
https://www.aspeninstitute.org/wp-content/uploads/files/content/upload/Intro_Session1.pdf
surplus of our foreign balance available for new foreign investment, after paying for ... balanced her Budget, and found herself with about £40,000 in hand.
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