Monthly Archives: November 2010
Economic nationalism and potash
Those were the topics of an online discussion in which I participated at the Globe and Mail this morning.
Why isn’t the multiplier infinite?
Assume the worst case scenario. Your economy is stuck in a permanent liquidity trap. It will stay there forever, unless you do something. Do you have to do something big, measured in the trillions of dollars? Suppose you do something, something very small, that has a direct effect of increasing Aggregate Demand by $1 per […]
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