Archive for October 2009

Speedy stimulation

(Continued from yesterday, and referring to the MV=PQ equation) Presumably most people care most about increasing Q (how much useful stuff people end up producing — the more the better) and keeping P roughly constant (if prices increase a lot, you can’t buy anything unless you’ve got lots of savings; if prices decrease a lot, […]

Multiplying money

The financial crisis seems to have devolved into a debate about whether stimulus packages are a good idea or not, or possibly whether debt-financed ones are. Really, the