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Revision to GDP makes it clear Fiscal Multiplier was Gigantic
Lots of conservative economists claim the stimulus didn’t amount to much. Turns out – quelle surprise! (heh.) – that they were totally wrong. Their claims were based on the initial measurement of the...
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The TC Rule and stuff that’s easy to see
I’ve been meaning to write a post about this for a long time, and here Matt Yglesias beats me too it. One reason to use inflation and unemployment as the inputs to any rules for fiscal policy is...
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Why Monetary Policy Sucks, Part 2: It promotes debt slavery
I was thinking a ton about debt slavery during the day, and then my ol’ man beowulf chimed in: “Michael Hudson’s made the point that banks want property taxes as low as possible so they can expand the...
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