Robert Barro makes (link) a strong case on why Keynesian spending multiplier is a theoretical illusion resulted from the fact that government purchases can be hardly separated from real fluctuations.
2 comments:
Anonymous
said...
I managed to find your website and I read that article. That was the most idiotic piece of crap I've ever read.
2 comments:
I managed to find your website and I read that article. That was the most idiotic piece of crap I've ever read.
Hmmmm... Dr. Barro's opinion versus anonymous internet poster's opinion.
That is a hard one.
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