We found a match
Your institution may have rights to this item. Sign in to continue.
- Title
FEDERAL BUDGET: ECONOMIC CONSEQUENCES OF DEFICIT FINANCING.
- Authors
Williams, John H.; Haley, B.F.; Smith, Dan Throop; Seltzer, Lawrence H.
- Abstract
The article examines the economic consequences of deficit financing in the U.S. The budget deficit problem was the automatic result of the 1929 depression. As the national income decline by half from 1929 to 1932, the federal revenue likewise declined by one, while expenditures remain unchanged. Majority of government officials undoubtedly favored deficit spending as a deliberate policy for recovery before any such policy publicly emerged. In the early part of the administration of Franklin D. Roosevelt, there was little evidence that public spending was to be a major policy of recovery.
- Subjects
UNITED States; DEFICIT financing; BUDGET deficits; GOVERNMENT spending policy; FISCAL policy; NATIONAL income
- Publication
American Economic Review, 1941, Vol 30, Issue 5, p52
- ISSN
0002-8282
- Publication type
Article