Money, Wealth, and Models

“The haters love to claim that people like me view more demand, more money printing, as the solution to all problems. But of course that’s not true. Aggregate demand won’t solve a problem of low productivity, or inadequate productive capacity, or for that matter extreme inequality due to technology or market power. But it can solve certain problems, which happen to be the problems we have now.”

via Facebook http://krugman.blogs.nytimes.com/2013/02/04/money-wealth-and-models/