Kruggers has interesting information on Alesina & Ardagna.
I have written about this previously. In Oz we have this from John Quiggin. And then this as well.
Have a read of the Catallaxy thread and see how people will avoid talking about the topic.
Classical economics has failed every nation that has tried it EXCEPT in circumstances that Keynes specified.
Funnily enough Sinclair Davidson agrees with Keynes ( although he doesn't realise it). You can only have successful austerity programs when spending falls as a % of GDP.
That ONLY occurs when the economy s healthy not when it is weak.
This is just another example of people such as Davidson, Carling, Kirchner and of course Katesy avoiding the major question.
They are all dishonest charlatans!
The R&R paper, as distinct from the book, merely adding to this dishonesty.
Postscript.
Kruggers has it right about evidence-and-economic-policy.
Austerians, for wont of another word ,are just like old fashioned communists. Forget, ignore or deny any evidence and live only for the ideology.
Postscript 2
Austerity did not get Australia out of the Depression. We nailed that Julie Novak falsehood previously
Okay I have assumed too much here.
A&A got demolished by the IMF study ( now a working paper). Their response was a non-response.
When Carling & Krichner's piece in the AFR got severe criticism from John Quiggin their response was a non-response.
Similarly when R&R in the latest skirrmish got criticised their response was a non-response.
"They are all dishonest charlatans!"
ReplyDeleteGreat argument Homer. Exercising the brain cells there, I see.
A pity you do not understand it!
ReplyDeleteThat's an argument? Lol
ReplyDeletethe argument has been made it is just you do not understnd it and for that matter never have.
ReplyDeletemake that understand it
ReplyDeleteLol
ReplyDeleteHomer the only points you ever ever raise are..
1. Go read this or that obscure bullshit
2. You don't understand.
Those two things are the only things you ever rely on, which you consider is making a point.
Rog is the only person who comments here in your favor. He never finished high and became a leftwing sniveler literally over a weekend.
Stop embarrassing yourself and close down this blog.
the only one embarassed is yourself as anyone who can read can see.
ReplyDeleteI call it callaxitis. An inability to view evidence.
I do thank you for confirming this for everybody to see.