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Deficit Spending in regards to a depression

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Fox McCloud posted on Wed, Jan 27 2010 3:06 PM

One frequent citation of the keynesians for deficit spending working positively and reversing a downtrend is Sweden's exit of the depression before any other country (1929-1934), and a continued downslump in America's depression when FDR supposedly balanced the budget in the mid 30's.


I'm not particularly familiar with this era, I must admit, and the in's and out's of each particular country, so I wanted to know the general causes for these occurrences.

Resident Christian Anarcho-Capitalist.

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