Transfers And Overheating — Brian Romanchuk

Summary:
A recent controversy that erupted was the question as to whether transfer payments (such as the 00 transfer that was debated in the United States) would cause the economy to overheat. There is an interesting issue: even if 00 is not enough, what about larger amounts? I have severe doubts that anyone could give a useful answer to what appears to be a simple quantitative question, without a country pushing the envelope for the sake of an economic experiment....Bond EconomicsTransfers And OverheatingBrian Romanchuk

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