L****a
发帖数: 572 | 1 The Hangover Theory Are recessions the inevitable payback for good times?
http://www.slate.com/id/9593
Main point :
"Here's the problem: As a matter of simple arithmetic, total spending in the
economy is necessarily equal to total income (every sale is also a purchase
, and vice versa). So if people decide to spend less on investment goods,
doesn't that mean that they must be deciding to spend more on consumption
goods—implying that an investment slump should always be accompanied by a
correspon | L****a
发帖数: 572 | 2 The article was written in 1998. After two bubble burst, I don't
know whether or not Krugman is still holding his original idea. |
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