Pump-Priming Theory of Government Spending

Pump-Priming Theory of Government Spending

Pump-Priming Theory of Government Spending

Pump-Priming Theory of Government Spending

Excerpt

The Editor, having had the experience of passing through two debate tournaments this season on the national debate question, will undoubtedly deal with some things in this discussion which probably would not have entered into such an analysis of this subject at the beginning of the season. Many coaches and many debaters may disagree considerably with the conclusions that have been reached by the editor after two tournament experiences. Be that as it may, and remembering that an analysis such as this is merely an opinion (based, of course, on years of experience with college debating) and can always be treated as an opinion, which one may discard or follow as one pleases--here goes and let the chips fall where they will.

RESOLVED: That the United States Should Cease to Use Public Funds (Including Credit) for the Purpose of Stimulating Business.

What does this debate resolution mean, and what did the framers of the proposition intend for it to mean when they phrased it and sent it out for the annual vote along with other debate propositions? The answer to this double question will perhaps require some discussion. First, the framers of the question intended that this debate should be over the theory and practice of "Pump- Priming" as it is called in common vernacular. There cannot be a shadow of a doubt about this intention for . . .

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