Sunday, August 23, 2015

A Cheery Thought From a Keynesian Textbook Author

Harvard economics professor, and Keynesian economics textbook hack, Greg Mankiw tells us that over the past 140 years
[T]he CPI has risen 22-fold.
He also tells us that over the same 140 year period (my bold):
[T]extbook prices have risen only 114-fold...
His conclusion, buried into the headline of his post:
Textbooks are a bargain

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