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Temporary Equilibrium One More Time

It’s always nice to be noticed, especially by Paul Krugman. So I am not upset, but in his response to my previous post, I don’t think that Krugman quite understood what I was trying to convey. I will...

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CAUTION Accounting Identity Handle with Care

About three years ago, early in my blogging career, I wrote a series of blog posts (most or all aimed at Scott Sumner) criticizing him for an argument in a blog post about the inefficacy of fiscal...

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Roger and Me

Last week Roger Farmer wrote a post elaborating on a comment that he had left to my post on Price Stickiness and Macroeconomics. Roger’s comment is aimed at this passage from my post: [A]lthough price...

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