Macroeconomic Fallacies

Lawrence White highlights a macroeconomic fallacy in the St. Louis Post-Dispatch.

Also, please send him your best wishes as he is recovering from a kidney transplant.

One response to “Macroeconomic Fallacies

  1. the newspaper article puts it badly…
    but the get the effect right…less spending on unnecessary items
    they should have said “rising inflation leads to thinner wallets”..
    meeting that gasoline bill leads to less movie visits,cheaper cuts of meat

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