Quote:
Originally Posted by ChinoCoug
Ok how in the world would anybody be able to know that? The data in the pre-Keynesian era is of really crappy quality, so we really can't compare.
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John B. Taylor from Stanford indicated previous data shows that recoveries are faster, unless stimulus is involved, which tends to crowd out investors and slow down recoveries.
There is NO multiplier effect despite fifty years of trying to prove it. We have to deal with business cycles and interfering makes it worse.
http://www.johnbtaylor.com/