Horwitz, Steven - In: Econ Journal Watch 8 (2011) 1, pp. 1-12
In this rejoinder, I address five issues raised by Eggertsson’s reply to my commentary. First, I argue that the pre-Depression gold standard, though not ideal, was not a barrier to a desirable reflation. I then offer an account of the 1937-38 recession that views it as a continuation of...
