How to Pay for the War: A radical plan for the Chancellor of the Exchequer, is a book by John Maynard Keynes, published in 1940 by Macmillan and Co., Ltd.. It is an application of Keynesian thinking and principles to a practical economic problem and a relatively late text. Keynes died in 1946. Keynes outlined a plan for Deferred Pay that would, in part, be legislated in the Budget of Sir Kingsley Wood, Chancellor of the Exchequer. The deferred pay became a system of post-war credits which were progressively repaid after the war, albeit at reduced value.