Jun 11, 2022
You've attempted to explain away empirical observations of the Great Depression as not being due to the paradox of thrift, but not why the paradox of thrift wouldn't be a-priori expected to prevent a stable equilibrium
You've attempted to explain away empirical observations of the Great Depression as not being due to the paradox of thrift, but not why the paradox of thrift wouldn't be a-priori expected to prevent a stable equilibrium