The Paradox of Consumption
We’ve heard a lot recently about the Paradox of Thrift. The most common explanation is this: as a country we need to save more and consume less, but if we all try to save at the same time, consumption...
View ArticleThe Paradox of Keynesianism
The very foundation of Keynesianism is based on a fallacy – the Paradox of Thrift. Paul Krugman explained this alleged paradox in one of his New York Times editorials: Some background: one of the high...
View ArticleThe Paradox of Keynesianism
The very foundation of Keynesianism is based on a fallacy – the Paradox of Thrift. Paul Krugman explained this alleged paradox in one of his New York Times editorials: Some background: one of the high...
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