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Links on Post-Keynesian Theory
We can’t inflate away government debt. From Joe Wiesenthal at Clusterstock and Sorry Tim And Ben, Inflation Won’t Solve The Debt Problem As this chart shows, instances of declining debt-to-GDP rarely...
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What a Liquidity Trap Looks Like in Pictures
I want to follow up a little on my discussion of the liquidity trap that we are have been in. Brad Delong has an excellent post today called “Four Years After the Wakeup Call”. In it he shows some...
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