John S. Irons has a nice pice here: ArgMax Economics Weblog: Liquidity Trap
Posted by DeLong at May 12, 2003 11:35 AM | TrackBack
Here's a good summary of recent debate on the issue:
Krugman: "Let Y represent the potential output..."
Krugman Truth Squad: "Liar!"
Posted by: Instahack on May 12, 2003 11:50 AMHuman labor needed to push into money supply to fix the wrong of investing in things.
DO NOT FORCE
let it settle to conserve resources for what is at hand
deficit of capital that should hasve been saved for NORTH KOREA and is not there anymore.
Posted by: nkirsch on May 12, 2003 12:19 PMGermany INFLATE TO EQUILIBRIUM POSITION WITH HUMAN LABOR TO GO INTO IRAQ
YOU ARE NEEDED THERE AT ONCE. MOBILIZE QUICKLY AND DO WHAT NEEDS TO BE DONE.
THE WORLD NEEDS YOUR SKILLS NOW THEY ARE IN SEROIUS TROUBLE AND I THINK YOU SHOULD GO THERE NOW. YOUR LEADERS ARE NOT READING THE SIGNS BUT YOU KNOW WHAT YOU MUST DO.
Posted by: nkirsch on May 12, 2003 12:27 PMNKirsch
I have no idea what your posts mean, so I simply skip over them. Why not try writing clearly, and not preaching in some nutty manner or other?
Posted by: bill on May 12, 2003 12:47 PMPlease Iraq is suffering and needs your help.
Something's changed. Please Barbara Bush the world needs a mother now.
Posted by: nkirsch on May 12, 2003 01:32 PM
Hm - zumabot?
http://www.jaedworks.com/shoebox/zumabot.html
let's hope not.
Posted by: ben on May 12, 2003 06:04 PMHmmm... nkirsch, is English your first language? Perhaps you're thinking in some other language then translating your thoughts in that language too literally into English. I don't know.
Posted by: Julian Elson on May 12, 2003 09:08 PM