WWII Deficit Spending
January 08, 2009 at 11:04 AM EST
[Skip to the end] This is from ‘Full Employment and Price Stability’ under ‘Mandatory readings’ at www.moslereconomics.org: Past Attempts at Government Sponsored Full Employment With a private sector desire for H(nfa), and a government that fails to run a deficit large enough to accommodate that desire, the corresponding unemployment can be severe. It may eventually be reduced by [...]