Mises Daily
Author:
Frank Shostak
Online Publish Date:
In his New York Times article of January 11, 2012, the Nobel laureate Paul Krugman wrote, If nothing else, we’ve learned that the liquidity trap is neither a figment of our imaginations nor something that only happens in Japan; it’s a very real threat, and if and when it ends we should nonetheless be guarding against its return — which means that