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You've got it. I made the same point a few weeks ago: http://news.ycombinator.com/item?id=421617 http://news.ycombinator.com/item?id=421617. It doesn't seem lik
by mhartl 18y ago
You've got it. I made the same point a few weeks ago: http://news.ycombinator.com/item?id=421617 http://news.ycombinator.com/item?id=421617. It doesn't seem like rocket science, but maybe it is; the vast majority of economists, including Nobelists like Krugman, just don't seem to get it.