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Pt. 1: Fiscal Multiplier Debunked and Destroyed

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Uploaded on Apr 22, 2011

The fiscal "multiplier" is mathematical nonsense, and is completely debunked at tugwit.blogspot.com.

The Free Enterprise Cartoon Bears review the multiplier chapter of Keynes' "General Theory" to investigate Keynes' so-called income multiplier, the basis of deficit spending, to see why it doesn't work. They discover bad assumptions, and that Keynes was contradictory on whether his multiplier would or wouldn't cure unemployment. They find a couple of interesting clues, and get ready to tackle the math in the next video.

Part of Fiscal Multiplier Debunked and Destroyed series.

Made with Xtranormal State, desktop app.

*****

1) The General Theory of Employment, Interest and Money John Maynard Keynes (1936)
http://www.marxists.org/reference/sub...
Book 3, Chapter 10
http://www.marxists.org/reference/sub...
**Note that the book is on a Marxist site ;) Keynes and Marxists have similarities.**

2) Paul Krugman - Keynes' General Theory of Employment, Interest
http://www.youtube.com/watch?v=CVHWln...
**Krugman is a big Keynesian**

3) Pt 19: Fiscal Multiplier Order of Operations
http://www.youtube.com/watch?v=WH8Lk1...

4) Pt 20: Keynes' Three Card Monte, Equation Asymmetry, Fiscal Multiplier Debunked
http://www.youtube.com/watch?v=ZSNDWO...

5) Pt 14: Fiscal Multiplier Debunked the Easy Way
http://www.youtube.com/watch?v=fGz_-p...\

6) Pt 8: Balanced Budget Multiplier Swindle - Keynesian Asymmetries
http://www.youtube.com/watch?v=VZL_1L...

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