Tuesday, February 07, 2006

Keynes Detox

Anybody know a way to deal with a heavy Keynsian hangover? I've got
y=u(z+g-ct)-u(i+x)r doing laps around my head like those birdies in the cartoons. None of it makes any sense! Well, I guess it does... but it presupposes that the government will get involved (because it was, but it shouldn't have been) and maybe that's why it did even more. It's difficult to learn something that runs contrary to your nature.
Nathan

1 Comments:

At February 12, 2006 6:15 PM, Blogger Andrew said...

In what context are you talking about the IS curve?

 

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