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Tuesday, December 16, 2008

Depression Economics: Normal Rules Don't Apply

Another entry at TPM Book Club:

Depression Economics: Normal Rules Don't Apply: Paul Krugman is trying to get us to understand that depression economics is different from the economics of good times, that "normal rules don't apply."

Let me try to illustrate this point by looking at some objections to depression economics policy measures, in particular two recent objections to fiscal policy. ...[...continue reading...]...

    Posted by on Tuesday, December 16, 2008 at 02:16 PM in Economics, Fiscal Policy, Macroeconomics | Permalink  TrackBack (0)  Comments (55)


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