Thursday, September 27, 2012

An Economic Manifesto: On the right path.

http://www.manifestoforeconomicsense.org/

So you have to sift through painstaking tributes to monetary policy's supposed powers in "normal times" -- which are, of course, not times when one wishes to actually stimulate the economy -- but this manifesto at least correctly identifies the rise in private rather than public debt as the source of the crisis. Worth reading.

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