Keynesian Economics

From Conservapedia

Keynesian Economics is associated with the ideas of the British economist John Maynard Keynes. It is the idea that economic slumps are the result of too little demand. The government can stimulate demand by cutting taxes and increasing spending even if this results in growing deficits. During times of economic boom the government can increase taxes and/or cut spending. This will reduce the risk of Inflation and also reduce government deficits.