Tag Archives | deficit spending

More Fallacious Views on Infrastructure ‘Investment’

Piggy-backing off libertas’ post from a few days ago, Think Progress has again made the fallacy of assuming that government expenditures on infrastructure is inherently beneficial to the economy. See quote below: With borrowing costs low and the nation’s unemployment rate high, infrastructure improvement projects can fix the major problems facing our nation’s roads, bridges,…
Continue Reading 2
circular flow1

DeLong’s ‘Circular Flow’ Falls Flat

Economist Brad DeLong wrote on his blog yesterday about Paul Krugman’s “A Note on the Ricardian Equivalence Argument Against Stimulus.”  While the post was quite complex and requires a previous knowledge of Krugman’s argument, he makes one claim I would like to point out. “He gets it completely wrong because Krugman knows very well who…
Continue Reading 1
UA-32859158-1