Paul Krugman finds another example of an economist who does not seem to have thought about the disequilibrium foundations of his equilibrium economics, and writes about Immaculate Stability: David Andolfatto [writes:] One of the effects of QE… is to increase the real stock of currency held by the private sector, and agents require an increase … Continue reading Paul Krugman Reinforces My Belief in the Importance of Adding Disequilibrium Foundations to Economists’ Standard Training Regimen