Musgrave, Ralph S. - Volkswirtschaftliche Fakultät, … - 2010
Borrow and spend is a policy with several weaknesses. 1, it involves government borrowing something, that is money …, which government can create in limitless quantities any time. 2, the “borrow” part of borrow and spend is deflationary: the … opposite of the desired effect. 3, borrow and spend may result in interest rate increases and crowding out. To get round this …