Saturday, February 17, 2018

Ramanan — Paul Krugman, Twin Deficits And Centrism


Twin deficits and causality.

The Case for Concerted Action
Paul Krugman, Twin Deficits And Centrism
V. Ramanan

2 comments:

Matt Franko said...
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Matt Franko said...

"Even the economic and financial crisis hit, some ten years ago, US output fell and this raised the budget deficit because of a fall in income"

No that's not accurate, net TGA withdrawals in 2009 vs. 2008 were $1.1T higher...

"govt spends FIRST..." ie you have to look at the components...

Ramanan is falling for the MMT "deficit too small!" BS here....