James C. W. Ahiakpor
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The False Choice between “Austerity” and Economic Growth
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Contradicting Keynes: Bernanke’s Debt Default Scare
SEPTEMBER 21, 2011 by JAMES C. W. AHIAKPOR
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Keynes's Ghost
JUNE 09, 2009 by JAMES C. W. AHIAKPOR
The multiplier argument is founded on two key assumptions that turn out to be false. First is the notion that savings are not spent but rather are withdrawn from the expenditure stream. The multiplier's second incorrect premise is that government expenditures are "autonomous"; that is, government spending does not depend on current income.



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