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(The Atlantic)   How to get a bigger Keynesian multiplier. Don't believe what they say, size DOES matter. Here are the tips experts don't want you to know   (theatlantic.com) divider line 16
    More: Interesting, keynesian, fiscal multiplier, Economic sector, ARRA, anesthesiologists, Brad DeLong, skilled workers, anesthesia  
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2779 clicks; posted to Business » on 04 May 2012 at 2:25 PM (3 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



16 Comments   (+0 »)
   
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2012-05-04 02:27:36 PM  
Penis.
 
2012-05-04 02:46:49 PM  
Fill out the long form birth certificate.


/Because someday your kid may need it
 
2012-05-04 02:47:22 PM  
farm8.staticflickr.com

What a Keynesian multiplier may look like
 
2012-05-04 02:51:52 PM  
So, you target it at low skilled workers. I thought this was common knowledge among Keynesians?

You give the money to those with the most propensity to inject it directly into the larger economy, rather than hand it to some commodities broker on Wall St.

To bad you need some base line of skills to operate the heavy machinery that digs ditches these days.
 
2012-05-04 03:14:39 PM  
Is it 1 weird old tip to a larger Keynesian multiplier?
 
2012-05-04 03:17:26 PM  
Neutralize the Tea Party combo breaker?
 
2012-05-04 03:24:11 PM  

meat0918: To bad you need some base line of skills to operate the heavy machinery that digs ditches these days.


Lack of technical skills aren't the problem so much as lack of other "life skills". More research is showing that many of those who receive job retraining have a hard time sticking with it and/or keeping jobs more because they don't show up on time, can't get along with co-workers, don't see the value of doing more or learning more than the minimum necessary, etc. So a lot of those people are in a self-defeating cycle... not having those skills means they don't get the technical skills needed to obtain and keep a decent job.
 
2012-05-04 03:52:59 PM  
And I fill up my pool by taking water from the deep end and pouring it into the shallow end.

Some of it spills out of the bucket but that's just overhead.
 
2012-05-04 03:59:25 PM  
Keynes was writing in a very different world. A world with not only much higher formal trade barriers (tariffs), but before the container ship and the telecoms revolution. Massively global trade wasn't possible.

The problem with this is that unilateral action by one player, even one as large as the US, can't float billions of 'boats'. You pay for an ARRA project. Worker spends his pay at Walmart. Which employs a cashier (for 30 seconds). But, the manufacturing job it supports? China, India, etc. Which, yes, means those countries can buy more from us (well... except for the massive tariffs and trade barriers China imposes on all sorts of imports, making it almost impossible for most Chinese to buy American goods). But, the Keynesian effect is diluted, fairly quickly in the 'multiplier' chain, over 6 billion people not over 300 million. And we can't afford a stimulus large enough to stimulate the world.
 
2012-05-04 05:02:42 PM  
So, is it pronounced "Keens-ian" or "Key-neez-ian?"
 
2012-05-04 05:30:19 PM  

love-m'-beer: So, is it pronounced "Keens-ian" or "Key-neez-ian?"


Paul Krugman pronounces it "KEN-see-an"
 
2012-05-04 10:24:45 PM  

Pixiest: And I fill up my pool by taking water from the deep end and pouring it into the shallow end.

Some of it spills out of the bucket but that's just overhead.


The problem here isn't that the pool is too low, though, it's that it's stagnant.
 
2012-05-04 10:47:57 PM  

love-m'-beer: So, is it pronounced "Keens-ian" or "Key-neez-ian?"


"Kay-n-zee-in" is how I've always heard it. Merriam-Webster approved apparently.
 
2012-05-04 11:45:42 PM  

astro716: love-m'-beer: So, is it pronounced "Keens-ian" or "Key-neez-ian?"

Paul Krugman pronounces it "KEN-see-an"


So at least we know that one is wrong.
 
2012-05-04 11:49:50 PM  

astro716: love-m'-beer: So, is it pronounced "Keens-ian" or "Key-neez-ian?"

Paul Krugman pronounces it "KEN-see-an"


Ahhh if I'm going to chose, then I'm going to live this one life as a KENquistador!
 
2012-05-05 04:44:58 AM  
When Rothschild and I sent out surveys to organizations that received ARRA stimulus funding

Are we just supposed to know who that is?

www.digitaldeliftp.com
 
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