Krugman?s liquidity trap claptrap

Free market capitalism is the best system of economic organisation ever devised. The 20th century demonstrated that it is consistent with both material prosperity and personal freedom. However, the Great Depression and the more recent Great Recession were major setbacks, which suggested that contemporary capitalism might be vulnerable to macro-economic instability...

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Source: http://www.iea.org.uk/blog/krugman%E2%80%99s-liquidity-trap-claptrap

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