"The increase in output reported above is expected to be in the range of 0.8 to 0.9 percent over most of the ten-year budget window, and fall to 0.1 to 0.2 percent by the end of the budget window..."That would be about five out of five government regimes that have engaged pro-cyclical budgets since the monetary regime change in 1973. Bubba may have been the exception.
Thus, one might conclude, with the US at 25% of the economy over the period, that most studies of anti-cycle Kensians adjustment theories are full of shit. There was never a provable study that shows government behave the way all the Magic Walrus types think.
Thus keynesians are not economists, they are a government paid political faction and should all be fired as economists. They can get jobs in the philosophy department, like Brad.
No comments:
Post a Comment