 When business begins to look rotten, more public spending." But would not this increase the national debt? Only in times of depression, they replied; and, in any case, debt increase was hardly an irreparable disaster. "It means scarcely more than that...  The Road to Plenty - Page 200de William Trufant Foster, Waddill Catchings - 1928 - 229 pagesAffichage du livre entier - À propos de ce livre
 | William J. Barber - 1988 - 256 pages
...expenditures unnecessary."39 But even if the public debt did increase, this was no calamity. It meant simply that "the people of the United States collectively...owe themselves more money. The country does not lose thereby."40 Moreover, the nation stood to gain from compensatory deficit spending. Not only would the... | |
 | Arthur Meier Schlesinger - 2003 - 580 pages
...times of depression, they replied; and, in any case, debt increase was hardly an irreparable disaster. "It means scarcely more than that the people of the...United States collectively owe themselves more money," while the nation gains in real wealth and spares itself the "greatest waste of all ... the waste of... | |
 | Robert D. Leighninger - 2007 - 292 pages
...hesitant.8 Another problem, perhaps, was Foster and Catchings's relaxed attitude toward public debt. "It means scarcely more than that the people of the...United States collectively owe themselves more money," they said. "The country does not lose thereby." More time would have to pass before that conviction... | |
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