Moreover, today’s Keynesians ignore the urgency behind the depression-era concern with balanced budgets. When the Hoover administration did swing to fiscal tightening, it was responding to pressures from the capital and foreign-exchange markets, which in turn were responding to the crises in Latin America and Central Europe, where public finances had been a major part of the problem.
此外，当今的凯恩斯派没看到，大萧条时代之所以那么在乎预算平衡，背后是有苦衷的。胡佛政府后来之所以转向财政紧缩，是为了应对来自资本和外汇市场的压力，也就是由拉美和中欧的经济危机所引起的反应，而后者的问题恰恰是主要出在公共财政方面。