but this is a religious belief that is deeply unintuitive. Which is the point of the babysitter coop parable.
about to phase out. When it doesn't happen they blame other factors, lengthen the time horizon 3/
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but since it didn't happen, maybe consider the liquidity trap story? 4/4
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right - but Keynesians (and others) also made incorrect predictions about effects of stimulus, many times
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sure, but this one was a doozy. triple the money supply, virtually no price inflation... gotta deal with that.
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I agree
End of conversation
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