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Author Topic: Bogus Recovery: Accumulated GDP vs Accumulated Debt  (Read 890 times)

roo_ster

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Bogus Recovery: Accumulated GDP vs Accumulated Debt
« on: April 03, 2011, 02:31:42 PM »
http://lyingeyes.blogspot.com/2011/02/bogus-recovery.html

If the Keynesian claims are true (that the deficit stimulus spending is getting us out of the recession) we are screwed.

Screwed, screwed, screwed.



Yes, that multiplier (assuming a Keynesian cause) would be way less than 1.0.  I am ever so glad we taxed and/or borrowed for so little effect.

Also, note the Y-axis scale for all four recessions.
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roo_ster

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longeyes

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Re: Bogus Recovery: Accumulated GDP vs Accumulated Debt
« Reply #1 on: April 03, 2011, 06:00:14 PM »
Don't worry, it's in the GDP.  Just not ours. =D
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TommyGunn

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Re: Bogus Recovery: Accumulated GDP vs Accumulated Debt
« Reply #2 on: April 03, 2011, 06:39:22 PM »
 :facepalm:   Oh .......CR@P.......
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