To Krugman, there are no "fundamentals" in an economy. Instead, it is just a Big Blob in which capital magically appears and goods just fly onto our shelves. Furthermore, he cannot even differentiate between nominal and real wages. The guy is hopeless, and it tells us something about the state of "elite" economics in the academic world.
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In this Blog I will discuss Life the Universe and Everything, and maybe even Prairie Home Companion.
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4-25-2024
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They're saying F-U to Congress, essentially read more | digg story
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