Krugman: We Need More Unemployment—to Save Us from Unemployment
Paul Krugman is now claiming that reopening the economy and allowing people to go to work almost surely will cause a depression.
Paul Krugman is now claiming that reopening the economy and allowing people to go to work almost surely will cause a depression.
Governments can increase GDP numbers simply by spending more, and this can reduce debt as a percentage of GDP. But what if we calculate GDP using only private spending?
Central bankers think too much saving is a problem that must be solved with more money creation. But the real problem is the Keynesian-style fractional reserve banking system.
Central bankers think too much saving is a problem that must be solved with more money creation. But the real problem is the Keynesian-style fractional reserve banking system.
Narrated by Paul Strikwerda.