The Keynesian claim (advanced by Krugman and Pelosi) that extending unemployment insurance is a 'win-win' stimulus omits that extending benefits reduces the incentive to take available jobs; incentive effects remain strong even in recessions and are wrongly downplayed by Keynesians.
causalpending
Speaker
John TaylorEvidence Quote
“you you hear incentives sort of downplayed by people especially in a recession that centers are downplayed and you think of these more Keynesian kinds of effects”
Created: 6/15/2026, 9:17:28 AM
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