Perhaps the most fundamental truth of monetary economics that the government can always boost (or reduce) the flow of spending, and in a sticky-price world thus drive the flow of production and employment wherever it wants.
If the USA government tried any of this guy's crap the Senate would shut immediately.
This is a fundamental delusion. Not worth reading this horseshit, this is Berkeley trying to establish a multiplier out of thin air, Romer stuff that should have been discarded years ago. Congress is a sticky market, like all the others. Our government does shut downs, so where in Brad's delusion does he think a government that practices shutdowns will fulfill Romer's delusional result?
In California, government cannot keep the lights on much less do anything else of consequence. Brad is simply way off base in his delusional tribe, a worthless economists with no understanding of our governments. That is plural as in more than one overlapping government. Brad is so delusional he cannot count the overlapping government we have.
If you are a student, discount anything he says.
This truth has never been proved, it is just a delusion from Berkeley. If you like to live in a fantasy world go to the Berkeley economics department.
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