Macroeconomics QOTD
21 July 2012 at 12:29 pm Peter G. Klein 1 comment
| Peter Klein |
Courtesy of David Stockman (via Dennis):
[T]he clamoring and clattering that you hear from the Keynesians . . . that austerity is bad forgets the fact that austerity isn’t an elective course. Austerity is something that happens to you when you’re broke.
Entry filed under: - Klein -, Bailout / Financial Crisis.
1.
Ivan Z. | 24 July 2012 at 2:54 pm
How can the Printing Press go broke?