The View From 1776

§ American Traditions

§ People and Ideas

§ Decline of Western Civilization: a Snapshot

§ Books to Read

§ BUY MY BOOK

Liberal_Jihad_Cover.jpg Forward USA

Friday, August 06, 2010

Further Light On The Mythical Keynesian Multiplier Effect

An article of Keynesian socialistic faith is the so-called multiplier effect.  Every $1 of deficit spending by the government theoretically creates $1.50 to $2.00 of new GDP.  Experience proves that the multiplier effect, if it ever existed, no longer works.

Posted by Thomas E. Brewton on 08/06 at 10:00 PM
Economics • (1) Comments
Print this ArticleEmail A FriendPermalink