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Krugman is talking about "The Paradox of Savings". Here's F.A Hayek's rebuttal to the argument when it was originally proposed back in the 30s: (http://mises.o
by narrator 14y ago
Krugman is talking about "The Paradox of Savings". Here's F.A Hayek's rebuttal to the argument when it was originally proposed back in the 30s: (http://mises.org/daily/2804 http://mises.org/daily/2804) (Sorry if I'm a bit of a broken record on this but it applies too well to bitcoin).