Atlas Flinched

[Brad DeLong]

>Brad DeLong wrote:
>
>>The ghost of the monetary overinvestment theory of depressions 
>>still walks the night, undead, seeking to drain the economy of its 
>>blood...
>
>Hmm, so there's never a realization problem? Never an 
>overaccumulation problem? What happened in the 19C, before central 
>bankers were around to spoil the show?
>
>Doug

Rarely, rarely...

Brad DeLong