Mises Daily
Author:
Clifford F. Thies
Online Publish Date:
According to Paul Krugman , a contributing cause to a depression is hoarding and, concerning this, I have no real quarrel. It is concerning the ability of the market to address the problem of hoarding, versus the need for government intervention because of hoarding, on which I disagree. Back in 1999, when Krugman wrote The Return of Depression