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re: US officially enters recession - GDP contracted by 0.9% in Q2.
Posted on 7/28/22 at 9:57 am to dewster
Posted on 7/28/22 at 9:57 am to dewster
The US now is in a recession with high inflation, something which the Keynesian model explicitly says is not possible.
Not a single Keynesian “economist” will take this as a refutation of the Keynesian model. Wonder how they’ll rationalize it this time.
Not a single Keynesian “economist” will take this as a refutation of the Keynesian model. Wonder how they’ll rationalize it this time.
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