This is LucB40400468's Typepad Profile.
Join Typepad and start following LucB40400468's activity
Join Now!
Already a member? Sign In
LucB40400468
Recent Activity
A couple remarks: 0/ Reading it as a mainstream Public Finance enthusiast, I read "lower G and gvt borrowing not accompanied by a decrease in output" --- your quote: 'This supported aggregate demand and hence employment and wages – which allowed tax revenues to hold up as spending was squeezed.' --- and I think... Mission accomplished? 1/ Macro and time horizons: are we all comfortable with an AD-centric story and paradox of thrift at a TEN year horizon? 2/ Funny property of private savings offsetting government dissavings. You could call it ricardian! 3/ The government does control expenditure and that is what it should focus on. Debt is a secondary concern.
LucB40400468 is now following The Typepad Team
Mar 15, 2019