http://www.deliberatelyconsidered.com/2011/09/do-the-right-thing-responding-to-the-economic-crisis/ Informed reflection on the events of the day Wed, 15 Jul 2015 17:00:00 +0000 hourly 1 https://wordpress.org/?v=4.4.23 http://www.deliberatelyconsidered.com/2011/09/do-the-right-thing-responding-to-the-economic-crisis/comment-page-1/#comment-17151 Wed, 21 Sep 2011 20:51:00 +0000 http://www.deliberatelyconsidered.com/?p=7926#comment-17151 Do you think that the same Keynesian theoretical principles and algorithms work in an economy which has structurally changed from the mid 20th Century? Much of what is spent today may be for goods and services provided by companies located in other countries.

]]> http://www.deliberatelyconsidered.com/2011/09/do-the-right-thing-responding-to-the-economic-crisis/comment-page-1/#comment-17138 Wed, 21 Sep 2011 15:08:00 +0000 http://www.deliberatelyconsidered.com/?p=7926#comment-17138 I’m wondering if compromise in terms of the size of the stimulus is working against Obama. Compromise may be necessary but there must be a certain threshold in terms of the stimulus’s efficacy. If the government spends $500 billion to stimulate the economy, but $1 trillion is what is really necessary to really get the economy going, then what you have is a short term gain, but, perhaps, a long term loss as conditions revert back to what they were. In essense then by limiting the size of the stimulus, the Republican claim that government spending doesn’t work may turn out to be a self-fulfilling prophecy.

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