Quote:
Originally Posted by ChinoCoug
That's a minority view but worth checking out after I get done with my work project.
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I realize it is a minority view, but most macro-economists are by nature statists who have invested their whole lives believing government could smooth out the effects of the business cycle. And there is significant enough literature disputing the efficacy of the "multiplier" effect despite being a popular sacred cow.
Friedman of course disputed these assumptions, being a monetarist.