A third problem with the conventional Keynesian interpretation is that the balanced-budget approach during the Great Depression did actually work. It calmed markets, and Britain’s departure from the gold standard freed monetary policy from its previous constraints, and allowed a monetary stabilization.
大萧条的传统凯恩斯式解释版本的第三个问题是，预算平衡方法在当时的确起了作用。它安抚了市场，英国放弃金本位令货币政策由先前的束缚中解放出来，使得货币性的稳定政策得以可能。该国再也不用担心通货紧缩经由固定汇率传导到国内。