Tyler Cowen: Your Inner Keynesian Is Missing...

Tyler Cowen's inner Keynesian to the white courtesy phone please...

Tyler appears to be confused. Or maybe I am hopelessly confused. He writes:

Is there a general glut?: Consider a simple model, in which uncertainty goes up, first because of the U.S. financial crisis, now because of Greece and the Euro and the open questions about Spain and how well Europe can cooperate.  I'm not saying that's the only or even the prime cause of what's going on, it's simply an illustrative story. With...