polifrog
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This is how we got here folks...
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Showing posts with label Christina Romer. Show all posts
Showing posts with label Christina Romer. Show all posts
Saturday, August 6, 2011
Tuesday, July 5, 2011
Christina Romer Accurately Labels Our Keynesian Attempt at a Recovery as a "Growth-less Recovery"...
polifrog
Remember those green shoots? They were the result of Keynesian stimulus spending and revealed themselves to be no more than a blip in GDP. Although there is no doubt that stimulus showed up in GDP measurements, there was no organic economic growth as a result of that stimulus spending.
Christina Romer, former Chair of White House Council of Economic Advisers, correctly recognizes that Keynesian solutions result in what she calls a "growth-less recovery".
Thank you for the term...
out
Remember those green shoots? They were the result of Keynesian stimulus spending and revealed themselves to be no more than a blip in GDP. Although there is no doubt that stimulus showed up in GDP measurements, there was no organic economic growth as a result of that stimulus spending.
Christina Romer, former Chair of White House Council of Economic Advisers, correctly recognizes that Keynesian solutions result in what she calls a "growth-less recovery".
Thank you for the term...
out
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