An Example of Someone Who Has Something to Teach Me
Posted in Macroeconomics, Methodology on Apr 9th, 2012
Via Tyler Cowen, the very worthy Steve Randy Waldman discusses the Post-Keynesian argument for fiscal policy, even when we are not at the zero bound: Post-Keynesians did predict a crisis, on broadly the terms that we actually experienced. They argue that there are adverse side effects to using monetary policy to manage aggregate demand. Although […]
