Well, I am certainly not a fan of Paul Krugman but he and indeed all the Keynesian economists got that right. Keynesian economics predicted that at the zero lower bound you can print tons of money without creating any inflation or growth because the money never ends up in the real economy (it's the famous pushing on a string analogy).
Well, I am certainly not a fan of Paul Krugman but he and indeed all the Keynesian economists got that right. Keynesian economics predicted that at the zero lower bound you can print tons of money without creating any inflation or growth because the money never ends up in the real economy (it's the famous pushing on a string analogy).
Yes, you're right that he was right (though he also said that QE reduced inequality while right now he still seems to believe that the bottom 50% of Americans should be very happy with their financial situation)
Well, I am certainly not a fan of Paul Krugman but he and indeed all the Keynesian economists got that right. Keynesian economics predicted that at the zero lower bound you can print tons of money without creating any inflation or growth because the money never ends up in the real economy (it's the famous pushing on a string analogy).
Yes, you're right that he was right (though he also said that QE reduced inequality while right now he still seems to believe that the bottom 50% of Americans should be very happy with their financial situation)
https://archive.nytimes.com/krugman.blogs.nytimes.com/2015/02/26/quantitative-easing-and-monetary-aggregates/?_r=0