An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, May 28, 2015
Brad DeLong — Why Is the U.S. Economy Still Depressed?: DeLong FAQ
And even though exports are up, net exports are not.
Probably because too many believe what DeLong says. :(
ReplyDeleteHe remains "out of paradigm."
ReplyDeleteBecause the imports are being priced lower in USD terms....
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