Wednesday, July 17, 2013

Krugman vs. Noah Smith: the first rule of macro is that it's folly to disagree with Krugthulhu




Japan and the liquidity trap by Noah Smith (July 16, 2013)

Wage-Price Flexibility in a Liquidity Trap, Again Again Again by Krugman

Japan's stagnation: demand-side or supply-side? by Noah Smith (July 15, 2013)

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