Thursday, November 26, 2009

We Are All Keynesians Now

Okay, I'll cry uncle. The Keynesian Multiplier of this government spending is very large. My Dynamic Stochastic GE Model concludes that for every $ that the Department of Energy gives to Los Angeles we generate $3112 of new output and intellectual capital. If you want documentation for how my model works, please go to this technical webpage for details.

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