Christina Romer’s Toxic Cookbook
Nov 9th, 2011 | By Detlev Schlichter | Category: Featured, Macro Economics
Keynesian and other mainstream economists cannot explain the present crisis. That doesn't seem to bother them.
All they can offer is a description of symptoms, such as with their favorite phrase: lack of "aggregate demand." Which, if you think about it, doesn't really explain anything. How come demand dropped? Why did ...read more

