Really, a little too short a summary, but if you’re not willing to work your way through a few good books, it’s better than nothing…and way more entertaining. A few instructional tidbits from the clip: “The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful […]
Does government spending have a multiplier effect on the economy?
January 26, 2011 by
If I didn’t lose you with that wonk-ish sounding title, there’s a good possibility I’ll lose you a little later, so let me summarize: new research suggests that government spending doesn’t actually help the economy all that much. Bear with me as I explain. Some economists of the Keynesian persuasion believe that in a recession […]
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