This Friday's Payroll Employment Number Will Be a 500,000 Win for Obama
This Is a Long-Lived Fact...

In Which Niall Ferguson Fails to Understand the Very Basics, and Convinces David Beckworth to Say: "Goodbye, Cruel World!"

Well, we don't teach Wicksell's S=I--we teach Kahn C+I+G=Y and Fisher MV=PY, and drop Wicksell because it is redundant. We could have taught S=I and MV=PY instead--and from today's perspective we probably should--but Kahn seemed like a good idea at the time…

Comments