jobson

jobson

  • Commented on A different cluetrain
    In other words, reducing the spending by $1 reduces the GDP by $1.3. Lookup Krugman's column for the graphs. I think that says more about the current state of the economy rather than anything universal about govt spending. Nice things...
  • Commented on A different cluetrain
    each pound that the UK government spends ... generates another two pounds in economic activity. That's not possible since UK govt spending is something like 42% of GDP so if every pound they spent made 2 pounds additional activity that...
  • Commented on A different cluetrain
    Thus, the money returns to the US, completing the circulation In fact has to complete the circle. National balance sheets require that trade deficits be offset by incoming capital. Michael Pettis has done work showing that trade deficits cause financial...
Subscribe to feed Recent Actions from jobson

Following

Not following anyone

Specials

Merchandise

About This Page

Find recent content on the main index or look in the archives to find all content.

Propaganda