HES: Re: DISC--Textbooks and the myth of Keynes and the classics

Robert Leeson R.Leeson at murdoch.edu.au
Wed Feb 7 15:24:23 EST 2007


Barkley Rosser's observation misses the point.  Whether the correlation between changes in money and changes in aggregate prices is very high (previously) or lower (currently), how do we arbitrarily hold the money supply constant and cut the price level in half (or double it)?  This question has validity now and previously. 

Robert Leeson  



More information about the HES mailing list