Taking Seriously the Excess Money Demand Problem: A Reply to Robert Murphy
[David Beckworth offers this reply to Robert Murphy:]
[David Beckworth offers this reply to Robert Murphy:]
Richard K. Vedder is professor of economics at Ohio University.
Here’s a simple quiz:
For a mayor running for reelection, which situation would cause the most worry?
While the real world has switched from defined benefit pension plans to defined contribution plans (e.g.
Leonard Read’s classic “I, Pencil” is a staple of introductory economics classes the world over.
In 1998 Paul Krugman declared “It’s Baaack” in a silly article heralding the return of the Keynesian liquidity trap, a chimera th