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Re: The Economic Argument Is Over � And Paul Krugman Won

By: orda in ALEA | Recommend this post (0)
Thu, 25 Apr 13 2:31 AM | 102 view(s)
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Msg. 13390 of 54959
(This msg. is a reply to 13389 by Cactus Flower)

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http://crooksandliars.com/richard-rj-eskow/austeritys-curveballs




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The above is a reply to the following message:
Re: The Economic Argument Is Over � And Paul Krugman Won
By: Cactus Flower
in ALEA
Thu, 25 Apr 13 1:27 AM
Msg. 13389 of 54959

yes, not surprising given krugman's expertise re japan.

when the economy is up against the zero lower bound, stimulating the economy is non-inflationary.

this is a special condition. but we just experienced it.

reinhart-rogoff's 90% threshold always smelt like old baloney. confusing cause and effect (debt doesn't cause lack of growth, lackof growth causes debt) will get you in trouble every time.


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