quarta-feira, 9 de agosto de 2017

Friedman Grande Depressão

Did Krugman Catch a Contradiction in Friedman's Great Depression Work?

by Luis Pablo de la Horra
Either the Great Depression was caused by government intervention (let us not forget that the Fed is a semi-public corporation) or it was brought about by the passivity of the US monetary authorities to actively respond to the crisis. According to Krugman, both arguments cannot be sustained simultaneously.
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