Just saying.
Paul Krugman writes:
Economics and Politics: Brad DeLong’s excellent but somehow never published book on the economic history of the 20th century:
...the unwillingness to use policy to prop up the economy during the slide into the Depression was backed by a large chorus, and approved by the most eminent economists. For example, from Harvard Joseph Schumpeter argued that there was a “presumption against remedial measures which work through money and credit...
Published on June 14, 2010 07:33