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Comments on: What am I missing on Ricardian equivalence? http://www.tvhe.co.nz/2009/04/08/what-am-i-missing-on-ricardian-equivalence/ The Visible Hand in Economics Wed, 08 Apr 2009 01:28:23 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2009/04/08/what-am-i-missing-on-ricardian-equivalence/#comment-18863 Wed, 08 Apr 2009 01:28:23 +0000 http://www.tvhe.co.nz/?p=3553#comment-18863 @agnitio

Given that Krugman explicitly assumes an infinitely lived individual, just like in perfect Ricardian equivalence, it could not be that 😉

Note here – I am criticising the fact that Krugman was saying his conclusion was so clean cut even when accepting perfect Ricardian equivalence. So it is no use saying that perfect Ricardian equivalence doesn’t hold.

I just wanted to illustrate that it depends how we view “government spending” – and the difference in opinions has more to do with different assumptions about this spending, rather than one side being stupid.

]]> By: agnitio http://www.tvhe.co.nz/2009/04/08/what-am-i-missing-on-ricardian-equivalence/#comment-18862 Wed, 08 Apr 2009 01:24:34 +0000 http://www.tvhe.co.nz/?p=3553#comment-18862 could it also not be that I know I am going to die so I won’t bear the tax bruden in the futre so I spend now?

I.e. my horizon is less than infinite yet the payback period is infinite. Similar to the logic that because my student loan is written off when I die I am making absolutly no efort to pay it off

Usual disclaimer that I haven’t read all of your psot or the link (damn job!) so I may be way of track:)

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