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The Stimulus Is A Failure

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  • I read the abstract. It sounds like a good piece of micro/econometric work. It has nothing to do wih the macro effects of deficit spending.
    12-17-10 Mohamed Bouazizi NEVER FORGET
    Stadtluft Macht Frei
    Killing it is the new killing it
    Ultima Ratio Regum

    Comment


    • Perhaps there is more to their analysis than is in the abstract.
      “As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
      "Capitalism ho!"

      Comment


      • gribby has, sadly, lost some of the critical thinking ability he demonstrated when he first got here.
        12-17-10 Mohamed Bouazizi NEVER FORGET
        Stadtluft Macht Frei
        Killing it is the new killing it
        Ultima Ratio Regum

        Comment


        • Originally posted by KrazyHorse View Post
          I read the abstract. It sounds like a good piece of micro/econometric work. It has nothing to do wih the macro effects of deficit spending.
          Why would they even mention "Keynesian multipliers" if they weren't trying to find out anything about the macro effects?

          Comment


          • Originally posted by DaShi View Post
            Perhaps there is more to their analysis than is in the abstract.
            Then they have written a singularly bad abstract.
            12-17-10 Mohamed Bouazizi NEVER FORGET
            Stadtluft Macht Frei
            Killing it is the new killing it
            Ultima Ratio Regum

            Comment


            • Originally posted by gribbler View Post
              Why would they even mention "Keynesian multipliers" if they weren't trying to find out anything about the macro effects?
              Because they have engaged in the fallacy of composition, you idiot.
              12-17-10 Mohamed Bouazizi NEVER FORGET
              Stadtluft Macht Frei
              Killing it is the new killing it
              Ultima Ratio Regum

              Comment


              • Originally posted by DaShi View Post
                And yet you eat up National Review articles.
                Hardly. I read the National Review because it's got a lot of very thoughtful conservative viewpoints. I try to keep some balance and read liberal viewpoints as well (although I admit I prefer reading conservative articles, sue me).

                Overall it's a pretty good magazine.
                If there is no sound in space, how come you can hear the lasers?
                ){ :|:& };:

                Comment


                • National Review.
                  “As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
                  "Capitalism ho!"

                  Comment


                  • Just skimmed the article. There is absolutely nothing there indicating that these guys have the slightest clue about what's wrong with such a naive analysis.
                    12-17-10 Mohamed Bouazizi NEVER FORGET
                    Stadtluft Macht Frei
                    Killing it is the new killing it
                    Ultima Ratio Regum

                    Comment


                    • I guess you could contact one of its authors and ask them about it.

                      Comment


                      • Here you go:

                        James Feyrer
                        Department of Economics
                        Dartmouth College
                        6106 Rockefeller Hall
                        Hanover, NH 03755-3514
                        and NBER
                        james.feyrer@dartmouth.edu
                        Bruce Sacerdote
                        6106 Rockefeller Hall
                        Department of Economics
                        Dartmouth College
                        Hanover, NH 03755-3514
                        and NBER
                        Bruce.I.Sacerdote@dartmouth.edu

                        email them. Be sure to call them *****

                        Comment


                        • I'm sure they'll be hearing exactly this criticism from other, ****.
                          12-17-10 Mohamed Bouazizi NEVER FORGET
                          Stadtluft Macht Frei
                          Killing it is the new killing it
                          Ultima Ratio Regum

                          Comment


                          • It's pretty pathetic that you have absolutely nothing to say on this other than to claim "they're professors, therefore they are correct"....
                            12-17-10 Mohamed Bouazizi NEVER FORGET
                            Stadtluft Macht Frei
                            Killing it is the new killing it
                            Ultima Ratio Regum

                            Comment


                            • As per my suspicion, they appear to be econometricians, not macroeconomists...
                              12-17-10 Mohamed Bouazizi NEVER FORGET
                              Stadtluft Macht Frei
                              Killing it is the new killing it
                              Ultima Ratio Regum

                              Comment


                              • Dartmouth? That explains everything...

                                Comment

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