3.2 Direct Attempts to Increase National Income or to Reduce the National Expenditure
The Government wants to enact new statutes to give direct benefit to the ailing parts of the system be they pensioners, industrial concerns, workers or banks. However, to achieve this aim the Government must first increase its own income (which has recently declined) and reduce its spending (which has recently increased, due to the greater numbers of unemployed workers being paid doles, or subsidies). The proposed ways for reaching this preliminary objective are to:
#1 borrow from the public and raise the National Deficit,
#2 change the amount of taxation,
#3 reduce the Governmental expenditure and
#4 deliberately inflate the currency, by printing more money.
With the exception of deliberate inflation, these changes are regarded as being temporary and their effects can be stopped or reversed after the slump has passed. These four methods of modifying the distribution of the national finances are described in more detail below.
3.2.1 To Borrow from the Public and Raise the National Deficit
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