By: Wall Street Pit
March 13, 2013 at 12:41 PM EDT
The Flaw at the Heart of Keynesian Economics
The term ‘Keynesian economics’ means different things to different people. But one thing almost everyone can agree on is that Keynesians believe that the 2009 fiscal stimulus boosted aggregate demand, at least compared to the no-stimulus alternative. Alternatively, Keynesians believe the fiscal multiplier is positive. In my view that’s a sort of sine qua non [...] View the full post at: The Flaw at the Heart of Keynesian Economics Related posts: Invasion of the New Keynesian Mind Snatchers Dr. Krugman and Mr. Keynes Bubble Economics
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