tag:blogger.com,1999:blog-1740670447258719504.post7244458072149954761..comments2024-03-27T03:00:27.024-04:00Comments on Facts & other stubborn things: Can you shame Keynesianism with one graph?Evanhttp://www.blogger.com/profile/12259004160963531720noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1740670447258719504.post-62376027257559065802012-12-03T11:03:12.282-05:002012-12-03T11:03:12.282-05:00Like every other "graph," all this chart...Like every other "graph," all this chart shows is that Mark Twain was right. There are lies, damn lies, and statistics.<br /><br />I thought we learned on the first that that expectations are what matter. If so, where does the chart show how expectations worked through the entire process? And, to measure a multiplier, one has to ask, over what period of time did those expectations work?<br /><br />The chart shows nothing.<br /><br />And, keep in mind, I am not a pure Krugman Keynesian.Anonymoushttps://www.blogger.com/profile/07904132869021579763noreply@blogger.com