Celebrating humanity's flourishing through the spread of capitalism and the rule of law
11 Dec 2019 5 Comments
I had earlier pointed to an excellent interview of Robert Barroon Fiscal Multipliers and Paul Krugman. In a new interview he says the same things – fiscal multipliers are less than one (which means not a multiplier at all) and also lists a reading list on Great Depression.
His take on fiscal multipliers:
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Dec 11, 2019 @ 09:18:20
Robert Barro?? you are kidding aren’t you. This is the man who and examples in ww2 and the korean war.
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Dec 11, 2019 @ 09:19:37
Good examples of temporary versus permanent increases in government purchases and tax smoothing
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Dec 11, 2019 @ 09:47:32
really. He did not know how the government was restricting consumer spending in WW@ and then did not know the US government actually fuly paid for the korean war by increasing taxes.,
such ignorance is unusual except for climate deniers of course where it is a prerequisite
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Dec 11, 2019 @ 12:09:06
Where?
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Dec 11, 2019 @ 12:29:05
You are giving prominence to a person who was plain embarrassing and you do not know about it. I wonder why he doesn’t like romer. or Kruggers.
They showed up his ignorance
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