Okay, so I wrote a post a few days ago about how I was confident that I understood our economic condition and so knew the cure. Well, this Paul Krugman post makes me doubt that a little bit.
I don't actually remember what the IS curve is and what it means, nor do I fully understand the bond market - including how supply and demand works in that market. So maybe I need to consult my old macro-econ text book and see if I can figure it out.
Otherwise, maybe I'll need to just say that I get the basics, but beyond that, I trust Paul Krugman. Not a great place to be in, but since I am not an economist, that might be the best I can do. I'll report back for sure.
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