"He seems to be supporting a kind of Austrian model of the business cycle, where recessions are a necessary, even refreshing, structural adjustment. That would put him in what DeLong and Krugman call the "pain caucus."."

DeLong
Rajan

prisoneronthewater のブックマーク 2011/04/12 21:45

<blockquote class="hatena-bookmark-comment"><a class="comment-info" href="https://b.hatena.ne.jp/entry/37882494/comment/prisoneronthewater" data-user-id="prisoneronthewater" data-entry-url="https://b.hatena.ne.jp/entry/s/delong.typepad.com/sdj/2011/04/aliterative-noahpinion-raghuram-rajans-wrongness-rankles.html" data-original-href="https://delong.typepad.com/sdj/2011/04/aliterative-noahpinion-raghuram-rajans-wrongness-rankles.html" data-entry-favicon="https://cdn-ak2.favicon.st-hatena.com/64?url=https%3A%2F%2Fdelong.typepad.com%2Fsdj%2F2011%2F04%2Faliterative-noahpinion-raghuram-rajans-wrongness-rankles.html" data-user-icon="/users/prisoneronthewater/profile.png">Aliterative Noahpinion: Raghuram Rajan's Wrongness Rankles</a><ul class="comment-tag" style="list-style: none; margin: 0px;"><li style="float: left">[<a href="https://b.hatena.ne.jp/q/DeLong">DeLong</a>]</li><li style="float: left">[<a href="https://b.hatena.ne.jp/q/Rajan">Rajan</a>]</li></ul><br><p style="clear: left">&quot;He seems to be supporting a kind of Austrian model of the business cycle, where recessions are a necessary, even refreshing, structural adjustment. That would put him in what DeLong and Krugman call the &quot;pain caucus.&quot;.&quot;</p><a class="datetime" href="https://b.hatena.ne.jp/prisoneronthewater/20110412#bookmark-37882494"><span class="datetime-body">2011/04/12 21:45</span></a></blockquote><script src="https://b.st-hatena.com/js/comment-widget.js" charset="utf-8" async></script>

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