Klass is klearly now in session. Keynesians of all kolors have klaimed for quite some time that the keynesian stimulus was too small to offset the drop in aggregate demand that has been keeping the ekonomy from rekovering. Well, Krugman et al, take a gander at this...
http://reason.com/archives/2011/09/15/they-gave-a-recovery-and-nobod
That aggregate demand gap? Klosed, koinciding with a huge inkrease in government spending. Even eliminating government spending from the equation, konsumer demand is above pre-recession levels. And yet, ekonomik growth remains anemik. I wonder why...
(P.S. Anybody else think that the letter 'K' might be a bit overused sometimes...? Oh, well. Time for my Mortal Kombat with my liberal friends. :-P)
1. Fascinating.
2. God, you're such a dork. :P
Quote from: Virgil0211 on September 16, 2011, 02:18:00 PM
Klass is klearly now in session. Keynesians of all kolors have klaimed for quite some time that the keynesian stimulus was too small to offset the drop in aggregate demand that has been keeping the ekonomy from rekovering. Well, Krugman et al, take a gander at this...
http://reason.com/archives/2011/09/15/they-gave-a-recovery-and-nobod
That aggregate demand gap? Klosed, koinciding with a huge inkrease in government spending. Even eliminating government spending from the equation, konsumer demand is above pre-recession levels. And yet, ekonomik growth remains anemik. I wonder why...
(P.S. Anybody else think that the letter 'K' might be a bit overused sometimes...? Oh, well. Time for my Mortal Kombat with my liberal friends. :-P)
for some reason, reading this, I get the insatiable desire to scream out: "FINISH HIM!!!"
aside from that, interesting article indeed.