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21. July 2019

Robin against the output gap




Rather than Robin Hood, our hero is the financial analyst Robin Brooks, who from the heart of the institutions of power is waging a campaign against using dubious estimates to make judgments on budgetary policies, supposedly supported by credible graphs, which however produce absurd results. If mainstream economists like our modern day Robin Hood demonstrate what nonsense this is, then the whole logic of the financial powers that be lose any justification for their policy, its only purpose being to serve the few winners of turbo-capitalism.



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