Keynes taught us in The General Theory that neither economic depressions nor fluctuations were inevitable. If nothing is done, these problems would continue. However, by the judicious employment of economic policies, these problems could be mitigated, if not totally remedied.

Purpose – This paper seeks compare the current financial and economic problems with the problems facing the world economy in the 1930s. Design/methodology/approach – The paper argues that the Great Depression and the current problems have similar causes – excessive speculation, leading to...

Argues that while an expenditure tax would increase the complexity and administrative burdens of taxation, these problems are not overwhelming. The problems which have led others to conclude that an expenditure tax is infeasible, or would result in gross inequities, are ot insuperable. At worst...