Greg Mankiw's Blog: Fiscal Policy Puzzles
Shock horror! First whoever read this blog please go to see the Prof Mankiw blog first and after read this then you would understand what I am going to say in here. You can imagine we all know that they are gurus, all are juicy grapes from well nourished fertile soil, ripen together same grapevine, fermented into a chaplain-squad baize stronghold. Air tight – bosom bodies. Before this crisis, Keynes, the king of macroeconomic who build theory of castle spending stimulus etc.., now here is his followers saying that the castle build by sand, and danger of washed away by this up tide crisis. You see the castle never attack before so 60 odd years it has been a greenery fortress. Now tectonic wizs saying, lost clarity of the theory of castle because It was built by sand, and saying puzzle guzzle muzzle, so I am asking myself, it is burden of proof much difficult then sin itself. Well people like us, learner by a text book where we stand for this historical wayside?
