At the end of 2008, Verband Deutscher Treasurer commissioned a survey to examine the functions of a corporate treasury. We discuss the results.
John Maynard Keynes. Who was 'John Maynard Keynes'. John Maynard Keynes was a 19th-century British philosopher and economist who spent his working years with the East India Company and is known as the father of Keynesian economics.
A depression, Keynes believed, is an especially severe recession in which people hoard money no matter how much the central bank tries to expand the money supply. In that case, he suggested that government should do what the people were not: start spending. He called this priming the pump of the economy.