John Maynard Keynes is generally considered to be one of the two greatest economists of the 20th Century. He advocated "deficit spending" (large-scale borrowing) by the federal government to "stimulate" the economy during bad economic times. Such spending, he argued, would lead to the massive new hiring of workers in industry who would, in turn, produce tax dollars to government to repay the debts it had earlier incurred. Keynes chief critic was the other great economist of the 20th Century who argued that "Keynesian" policy would lead to inflation of the currency, a loss of personal responsibility among citizens, a drop in savings and a relentlessly expanding government bureaucracy that would pose substantial threats to individual freedom. This second great economist was: A. Friedrich Hayek B. Peter Drucker C. Max Weber D. Emile Hawthorne