…are policies that would tend to further increase income disparity in the long-term. This is due to these policies’ lower effect on creating demand (lower economic multiplier), which means less…

…will destroy American “innovation.” Yeah: and we should also encourage innovation in suicide-vest technology. 21st Annual Hyman P. Minsky Conference: Debt, Deficits, and Financial Instability « Multiplier Effect. Cross-posted at…

…only true if the balanced budget multiplier is zero which no one but Robert Lucas asserts (one of the few ways to fail my intro macro course is to assert…

…with a lot of damage to hedge funds and municipalities and borrowing costs and credit lines. So money supply drops significantly (multiplier effect reduction) even without Fed intervention. You get…

…payroll cut is going to UHC or Aetna, or BCBS, or some other place where the money multiplier will be significantly less than one. Even more interesting is that, just…

…facilitate business expansion and more hiring. That the multiplier effect will not be 1:1 simply reflects what a poor social investment private corporations are. ****More people forced to use the…

…15%. Within the Stigler framework, we should expect (without any multiplier effect***) that it will be 43% less likely that any given criminal activity that falls under the CFTC’s jurisdiction…

…majority of doctors agree, preferring the certainty of $187,500 a year to the risk of treating the uninsured, who are now a much riskier group. And then the multiplier effect…

…spent on “guns and bombs” probably has a low multiplier. So the spending story could well be part of it. There’s also differences in monetary policy (Liberals are more expansionary)…

…moves that abide, and the lessons of history. Years ago, people failed to notice that money whose multiplier is 1 is not inflationary—most especially when you have one of the…