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Yes! A Paul Krugman column. I think its worthwhile for anyone to try to understand his economic assertions on the crisis. The most important part is understand
by dimitar 15y ago
Yes! A Paul Krugman column. I think its worthwhile for anyone to try to understand his economic assertions on the crisis.
The most important part is understanding what is aggregate demand and what things like interest rates tell us.
Actually might change your worldview. For example that sometimes individually rational behavior (deleveraging instead of investing in a crisis) can be disastrous for the economy as a whole.