My One Cent in the Great Debt Debate
Posted in Macroeconomics, Price System on Jan 10th, 2012
Something of a blogosphere explosion occurred last week. What caused it? A largely correct post by Paul Krugman that had the gist of arguing that the amount of US federal government debt is a misleading indicator of how serious the US debt problem is. Here is my colleague Steve Landburg illuminating and buttressing the point. […]
