recession, liquidity trap, deflation, Friedman's "helicopter drop"; definitely "we" are living a recession and now the problem is not any more the inflation - they talk about saving the (american) economy by printing money, which until now i only saw as a bad measure; it's also interesting how the theoretical "ricardian equivalence" is now reminded in practice.
see also: http://blogs.ft.com/wolfforum/2008/12/central-banks-need-a-helicopter/
to be continued...
Relaţiile economice româno-moldovene
Il y a 1 jour
1 commentaires:
He he,
I think that Bernanke got into the Helicoptor a loong time ago. Incidentally, and now that I am here ... Macro Man had this recently
http://macro-man.blogspot.com/2008/11/ricardian-equivalence.html
Now, if he is right and the US consumer is now set to the do all that backloaded saving due to the government's loose pursestrings I wonder who exactly will be doing the spending in the global economy. Kazakhstan anybody :)?
Claus
Enregistrer un commentaire