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The Humbug of Finance Explained by harshita is a document available to read on EtoBox.
What is The Humbug of Finance Explained about?
The document discusses the "humbug of finance" view that was prevalent pre-Keynes that argued governments should always balance their budgets and not run deficits. It summarizes how Keynes and others like Kahn showed this view was flawed by demonstrating that deficits can stimulate the economy through increased demand and the multiplier effect. While deficits can boost employment, the document notes there may be better alternatives like tax-financed spending that don
- Author
- harshita
- Language
- EN