1. John Maynard Keynes was a British economist and he was big on doing the opposite of what most economists believed should happen. His father was an economist and he also went to very elite schools in Britain. He gained connections from where he attended school and after he had later joined the forces for a few years he had a great start into the field of economics. His ideas were different than most others and he viewed how things should be run very differently. 2. John Maynard Keynes believed this about government.When the unemployment rate begins to rise, Keynes believed the government should begin to run a surplus and pay off the debt of the previous downturn. He also like i said earlier believed in a different type of economics. 3. I disagree with him because even though the people in later generations will not have to pay for the debt in a way they will still be paying for those mistakes. There parents will grow up in poverty and less of what they could have and when they are raised they will miss the opportunities to grow in a healthy environment. Behavior that is learned from one generation is passed down to the next through the way they were raised and the way they raise their children. So really he may think he is getting rid of debt and problems but this just will make the people poor causing a chain link effect throughout generations that is harming. In our economy today we are going through some of the same things. Our economy just took a big fall worldwide. Many countries, even super powers are finding themselves in a lot of debt. We could do what Keynes would do and get rid of the debt or we can deal with it now.
