Jim Devine
Sat, 28 Aug 2010 09:08:05 -0700
Michael Perelman wrote: > He is president of the Minneapolis Fed, which has been spouting the real > business cycle line for some time. This is the same organization that > claims that the New Deal delayed the recovery.
they're not alone: among others, journalist Amity Schlaes has a book saying that. A lot of economics textbooks tell us that high unemployment results from rigid & high real wages, while many more liberal ones blame rigid & high money wages. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list pen-l@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/pen-l