Krugman & Wells's NYRB pieces:
The Slump Goes On: Why?The Way Out of the SlumpIt really does seem like people reject depression economics because it strikes them as too easy & self-indulgent. i.e. "Surely the way to improve things is by hard work, restraint & sacrifice, not running deficits & printing money." But running deficits & printing money is merely a means to employ people: it does not diminish the need for hard work, restraint and sacrifice. I guess one successful example of trying to explain the logic of depression economics was the Marshall Plan speech:
Speech Delivered by George Marshall at Harvard University on June 5, 1947
posted by Anonymous at 3:54 PM
