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" And Milton Friedman was wrong: in the face of a really big shock, which pushes the economy into a liquidity trap, the central bank can’t prevent a depression. "

Paul Krugman , Arguing with Zombies: Economics, Politics, and the Fight for a Better Future


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Paul Krugman quote : And Milton Friedman was wrong: in the face of a really big shock, which pushes the economy into a liquidity trap, the central bank can’t prevent a depression.