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THE NATIONAL DEBT 1
Author(s) -
V. GRAAFF J.
Publication year - 1969
Publication title -
south african journal of economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.502
H-Index - 31
eISSN - 1813-6982
pISSN - 0038-2280
DOI - 10.1111/j.1813-6982.1969.tb02511.x
Subject(s) - private consumption , investment (military) , consumption (sociology) , economics , state (computer science) , consumer spending , monetary economics , public economics , finance , business , macroeconomics , fiscal policy , political science , social science , algorithm , recession , sociology , politics , law , computer science
T o finance its expenditure, the state can tax, borrow and print money. Each of these methods has a different effect on private spending, so the combination selected should depend on the pressure of demand upon resources. It should depend too on the pattern of private spending the state wants to encourage, and its division between consumption and investment.