"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Macroeconomists Have Good Reason to Support Say’s Law
Submitted by The Humble Libe... on Tue, 2017-11-28 01:00
in
"Many defenders of free markets, especially those interested in macroeconomics, are lambasted for defending a proposition known as Say’s Law, named after the famed 19th century Jean-Baptiste Say.
But there’s a big problem with dismissing Say’s Law. In this post, I will show why Say’s law is significant and why free market macroeconomists have good reason to support it."
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