“it is hard to imagine unemployed investment bankers driving bulldozers on highway projects.”
— Arnold Kling, January 27, 2009, debating the size (or existence) of the Keynesian “multiplier” effect
“it is hard to imagine unemployed investment bankers driving bulldozers on highway projects.”
— Arnold Kling, January 27, 2009, debating the size (or existence) of the Keynesian “multiplier” effect