Deficit spending

Within the budgetary process, deficit spending is the amount by which spending exceeds revenue over a particular period of time, also called simply deficit, or budget deficit: the opposite of budget surplus.^[1] The term may be applied to the budget of a government, private company, or individual. Government deficit spending was first identified as a necessary economic tool by John Maynard Keynes in the wake of the Great Depression.^[2] It is a central point of controversy in economics, as discussed below.

Inflation

Functional finance

Deficit (disambiguation)

Public debt

Balanced Budget Amendment

Keynesian economics

Fiscal policy

William J. Baumol, Alan S. Blinder (2005). Economics: Principles and Policy. Thomson South-Western. 0-324-22113-4.

ISBN

Mitchell, Bill: , Part 2, Part 3; Neo-Chartalist (Modern Monetary Theory) perspective on deficit spending

Deficit spending 101 – Part 1

(October 5, 1996). "Fifteen Fatal Fallacies of Financial Fundamentalism: A Disquisition on Demand Side Economics". Paper was written one week before the author's death, three days before he received the Nobel Memorial Prize in Economics.{{cite web}}: CS1 maint: postscript (link)

Vickrey, William

McGregor, Michael A., Driscoll, Paul D., McDowell, Walter (2010) “Head’s Broadcasting in America: A Survey of Electronic Media”. Boston, Massachusetts: Allyn & Bacon p. 180.

Seater, John J. (2008). . In David R. Henderson (ed.). Concise Encyclopedia of Economics (2nd ed.). Indianapolis: Library of Economics and Liberty. ISBN 978-0865976658. OCLC 237794267.

"Government Debt and Deficits"

Higgs, Robert (2008). . In David R. Henderson (ed.). Concise Encyclopedia of Economics (2nd ed.). Indianapolis: Library of Economics and Liberty. ISBN 978-0865976658. OCLC 237794267.