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Careful with the paradox of thrift
Careful with the paradox of thrift
Paul Krugman has just mentioned that the “paradox of thrift” has shown up in the data . Now my opinion has moved over time , and I do think that the US is now experiencing a paradox of thrift – but his evidence appears to have nothing to do with this. I believe that we are ...
The paradox of thrift - for real
The paradox of thrift - for real
krugman.blogs.nytimes.com — The paradox of thrift is one of those Keynesian insights that largely dropped out of economic discourse... as economists grew increasingly (and wrongly) confident that central bankers could always stabilize the economy. Now it's back as a concept. But is ... (more) The paradox of thrift - for real
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