tag:blogger.com,1999:blog-6276561747841568697.post6031742461368375727..comments2024-03-19T05:15:56.934-04:00Comments on Krugman-in-Wonderland: My Big, Fat Greek DisasterWilliam L. Andersonhttp://www.blogger.com/profile/01802990642236807359noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6276561747841568697.post-75433815108577534032010-05-07T01:21:11.129-04:002010-05-07T01:21:11.129-04:00What I find particularly interesting is his belief...What I find particularly interesting is his belief that Greece would benefit from falling prices, yet he is unwilling to allow the bubble to deflate. True, deflation always brings economic pain, but according to Krugman Greece has many years of pain ahead regardless. Would deflation, or a decrease in the supply of money (specifically credit created <i>ex nihilo</i> in this case), not bring a fall in the price level?<br /><br />Krugman seems unwilling to accept his own conclusion.Jonathan Finegold Catalánhttps://www.blogger.com/profile/16710256011291680376noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-88403332434460689572010-05-06T13:41:48.108-04:002010-05-06T13:41:48.108-04:00Thanks. The Tonya Craft trial has taken up all of ...Thanks. The Tonya Craft trial has taken up all of my energy and emotion, but I still feel a responsibility to post here. When the trial is over, I'll be more active here.William L. Andersonhttps://www.blogger.com/profile/01802990642236807359noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-16818509353791852702010-05-06T13:27:21.772-04:002010-05-06T13:27:21.772-04:00I love this blog.I love this blog.Econophilehttps://www.blogger.com/profile/12496820498557477267noreply@blogger.com