“Fiscal impulse” seems to say if we spend a trillion in deficit spending in Year 1, spending another trillion in Year 2 won’t have a stimulative effect (because there’s no *increase* in stimulus). Spending only another $800M will be an actual “drag!” Is this true?
— Mickey Kaus (@kausmickey)
Sep 21, 2021
from Twitter https://twitter.com/kausmickey
September 21, 2021 at 01:29AM