Looks like some version of Keynesian sorcery.Señor Chang said:Quote:
Another reason we should not be concerned by the massive spending is that $1 in government spending = greater than $1 in gdp growth.
Gdp growth = 1/ the propensity to save
The propensity to save is currently ~ 20%
Therefore every dollar spent today grows our gdp tomorrow by $5
What the **** is this? I hope our economics program isn't teaching kids this garbage. OP is a gigantic dumbass.