Archive for December 17th, 2011

17Dec

Link Post (weekly)

Posted by Jeff as Blogs

“Wages Must Fall!”: What All Good Keynesians Should Say, Bryan Caplan | EconLog | Library of Economics and Liberty The gloating is easy to understand.  After all, nominal wage rigidity is the driving assumption of the Keynesian model.  Unemployment is just a labor surplus; since wages are the price of labor, the fundamental cause of [...]


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