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Best Web OpEds 1/13/2009 at 10:10 AM EST

Does "Depression Economics" Change the Rules?

Quicklink Submitted By Darren Wolfe No comments

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According to our most recent Nobel laureate, Paul Krugman, we are now in a period of "depression economics," where the standard rules don't apply. In particular, the argument goes, when there are idle resources lying around, the traditional economic problem of scarcity disappears. This article debunks this idea.

Read the rest of the story HERE:

At mises.org

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Darren Wolfe Social Media Pages:

Darren Wolfe is the former Eastern Vice Chair of the Libertarian Party of Pennsylvania. He presently blogs as the International Libertarian http://www.theinternationallibertarian.blogspot.com/ His articles have also appeared in Ammoland.com, (more...)

Related Topic(s): Depression; Domestic Policy Failures; Domestic Spending; Economics; Paul Krugman, Add Tags

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