Blanchard & Krugman are trying to understand Effective Demand
…His article does not include the words labor and wage, and he only only used the word demand in relation to fiscal policy to sustain demand… Which brings me to…
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For Kevin Drum to Be "Expecting a Reasoned Critique of John Cochrane’s Claim Is Like Expecting a Reasoned Critique of the Claim that 2+2=5": Hoisted from Robert Waldmann’s Archives from a Year Ago
Brad DeLong points us to a archived posts by Robert Waldmann and Paul Krugman: Robert Waldmann: Why does Fiscal Stimulus Work ?: “Ah, now: Kevin Drum wrote about something……
2013 and All That
There is continued discussion of how fiscal tightening in the first quarter of 2013 (the fiscal cliff in January and Sequestration in March) was followed by decent growth in the…
2013 and all that II
A fairly large number of economists have argued that Keynesians predicted that the fiscal cliff January 2013 and sequestration March 2013 would cause a recession. A fairly large number of…
The Key to Defeating Trump in the General Election Is in a Single Sentence of His in Last Night’s Debate: Angry Americans want big tax cuts for the wealthy
…fiscal-policy candidate’s already published trickle-straight-down-to-the-sewer-system fiscal policy platform and just double the tax cuts for the wealthy. Take that, Jeb! It worked. At least to my knowledge, the ad buy…
Debts, Deficits and Social Security
…fiscal year 2012. The fiscal year that just ended marked the first since 2008 that the deficit was under $1 trillion. As a share of the nation’s gross domestic product…
Fiscal Dishonesty from CNBC and Our Treasury Secretary
Fiscal Dishonesty from CNBC and Our Treasury Secretary Is Jacob Pramuk on the White House payroll? US budget deficit expands to $779 billion in fiscal 2018 as spending surges. The…
DOGE Cuts Fail to Stop US Spending Hitting a Record. Yeah, Like Cuts are Going to Make the Difference
…a total of $105 billion. Figure 8 details Monthly Outlays of the US Government for fiscal 2024 and a partial of fiscal year 2024 Musk has promised continuing efforts to…
Fiscal cliff and the frenzy
Via Business Insider, Joe Weisenthal offers a look at the explosion of media covering the notion of ‘fiscal cliff’. I was going to list representative links but gave up…I leave…
One reader’s reaction to the fiscal deficit drama to begin
There will be plenty of reactions to the draft release of the fiscal draft proposal, but one caught my eye as I just came home. Reader HW at TPM has…