Tuesday, January 27, 2009

Name that economist!

Who said this?

"Organized public works, at home and abroad, may be the right cure for a chronic tendency to a deficiency of effective demand. But they are not capable of sufficiently rapid organisation (and above all cannot be reversed or undone at a later date), to be the most serviceable instrument for the prevention of the trade cycle."
Find out the answer at Greg Mankiw's Blog.

1 comment:

Joseph Mises said...

I know Mario Rizzo.

He's a good Austrian. Mankiw is a silly socialist fart.