Economics in a Baby-Sitting Parable

Baby-sitting the economy. – By Paul Krugman – Slate Magazine.

Krugman says this story changed his life.  It certainly changed the way I look at inflation.  Follow the “quite obvious” link at the end and you will find out why inflation is necessary — especially in a liquidity trap.

This entry was posted in Uncategorized. Bookmark the permalink.

Comments are closed.