Some Newbie Questions

[MMMark]

Thurs. 12/04/12 19:07 EDT
.post #142

[url=Some Newbie Questions]

@Porphyrogenitus

[/url]3) … in a recent online video talk RPM paraphrased Krugman as pointing to WWII as an example of Keynsian stimulus working (something I know he’s done) but then replying to critics who found that the multiplier was small that “duh, of course it was small, there was wage and price controls so we wouldn’t expect it to be large.”

Have a look at this paper:

Mises Daily | Mises Institute

@Porphyrogenitus

4. … RPM paraphrased Krugman as saying that it was hard to create a model where monetary stimulus worked and fiscal stimulus didn’t. Could someone point me to where he said that?

Have a listen, at around 37:20, to the mp3 file available here:

http://mises.org/media/5678/The-Failure-of-Stimulus-Policies