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I have to agree with Santiago.

The Standard economic solution in all schools of macro is printing money. There is a huge and great debate in the US about who must receive this money and what is the best way to print it. Give it to the state or just a threat to by any asset? give it to people with mortgages or give it to banks with a threat? It is better to target spending or nominal  GDP

It is a great discussion with neo-keynnesians, modern monetarists and MMT agreeing the fundamentals (pritn money or threat that you will print money) but disagreeing on who would receive the money.

The fact is that in the US macroeconomics is cleaning itself up of crazy and paid for-WS people in the blogosphere and in accademia, and three different schools have appeared with less differences than before the crisis. RBC and austrians are considered a joke, worse they are the with-hunters or doctors bleeding the patient. Republicans are the scorn of everybody except for a small group in Chicago who is being marginalized.

Here, we are still with austerity.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Sun Oct 23rd, 2011 at 04:35:05 PM EST
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