Lastly I hope these textbooks compare the benefits and shortcomings of long term price stability vs. short term price stability.
Friday, March 30, 2012
History
200 years in the future, students will learn from history and economic books that cite the failures of a centrally planned economy. I expect there will be at least a chapter devoted to "The Great Keynesian Experiment in America 1971 - 2022", and maybe hopefully another chapter to address "Deficit Spending as a Means to Economic Growth and Recovery in America 1931-20??"
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