Stiglitz evaluates Ricardian equivalence with due care

19 Jan, 2012 at 18:26 | Posted in Economics | Comments Off on Stiglitz evaluates Ricardian equivalence with due care

Ricardian equivalence is taught in every graduate school in the country. It is also sheer nonsense.

Joseph E. Stiglitz, twitter 

[On Ricardian equivalence and the alleged impossibility of fiscal stimulus, see here, here, here, here, and here.]

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