oldfart
Older than dirt
Damn. Had not thought of Ricardian equivalence for YEARS. And hearing and seeing the definition just made me go to my calender looking to see if I could (hopefully) find a forgotten appointment for a root canal. Yeah, I get it, but the concept is so far from eligent imho that it is a pain to discuss. But, as usual, nice job, oldfart.
Thanks. What's really elegant is a proof that some coefficient of "crowding-out" times the multiplier must equal one. How's that for Grand Unification Theory?