Why Aren’t Dems Happy About a Keynesian Stimulus?

By: ehud (Diary)  |  December 7th at 03:16 PM  | 

If I remember my macroeconomics class correctly, isn’t any tax cut a keynesian stimulus, just as any government spending is a stimulus. According to the theory, in both cases shouldn’t either one have some type of temporary multiplier effect on GDP as whoever gets the tax cuts spend the money on goods which then goes to pay workers which then spend the money, etc.? It | Read More »