DSGE
VIP Member
- Dec 24, 2011
- 1,062
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That's why "demand stimulus" would work.
of course it never can work because liberal tax/print/borrow and spend merely causes a mal-investment bubble that bursts and deepens the recession. A little Econ 101, class one, day one for you.
That's rich, since the fact that you talk about mal-investment shows you've had no formal education in economics.
Even so, F.A. Hayek, one of the pioneers of Austrian Business Cycle theory (which you seem to be fond of like most internet retards), wanted an NGDP target (given that we have a central bank)! If it caused mal-investment, maybe one of the guys who invented the whole concept wouldn't have supported it?
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