The Undollar Digest

Is the United States in a Liquidity Trap?

Frank Shostak 01/25/2012 mises.org

In his New York Times article of January 11, 2012, the Nobel laureate Paul Krugman wrote,
If nothing else, we’ve learned that the liquidity trap is neither a figment of our imaginations nor something that only happens in Japan; it’s a very real threat, and if and when it ends we should nonetheless be guarding against [...]


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