Mises Wire
Author:
John P. Cochran
Online Publish Date:
differ, sharply, is on the causes of the post-recession slump and which policies might cure it. Broadly speaking, is the slump a lack of “demand,” which of Larry Summers, Brad DeLong, Paul Krugman . He states, “this diagnosis and these policy predictions are fragile.” And “None [of the New Keynesian models] produces our “unintended disincentives of social programs”, all of which stifle growth and innovation, are better than the “the new [demand side] thinking which “is largely