Nation of Beancounters

In which we see the snarky side of Greg Mankiw

Posted in Cheeky Economists by Navin Kumar on May 14, 2013

In a recent blog post, Paul Krugman writes:

As far as I know, among basic textbooks only Krugman/Wells even talks about the liquidity trap.

This is probably a true statement.  It is not that other books don’t cover the topic, however.  It is just that Paul Krugman doesn’t know it.

Greg Mankiw. Excerpt from his own textbook follows.

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