Tag Archives for small business
Is Paul Krugman’s Liquidity Trap Really an Inequality Trap?
As I watched Paul Krugman Sunday night on Bill Moyers, I felt a familiar sense of despair. Krugman cares deeply about unemployment and inequality, as did John Maynard Keynes before him. Yet like Keynes, Krugman seems caught in the inequality-free … Continue reading
The Keynesian Stimulus Spending Fallacy
It’s a truism of pop Keynesian economics that consumer spending drives the economy; if spending slows in a recession, government must make up the difference. In reality, consumer spending merely signals what consumers want; producers may be unable or unwilling … Continue reading
