q**i
发帖数: 174 | 1
did Krugman offer any reasons as to why others
are wrong on productivity gains?
He's taking a static view on a dynamic world. True,
productivity gains are less likely to offset
wage increases *in the long run*. However, other
factors may impact the picture: the fed/monetary policy,
technology breakthroughs, incremental innovations,
world economy, etc. If you have followed his recommendation
to sell bonds last Friday, you would have lost
your shirts, :-)
The mid-long term pessimestism is widely |
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