Why Brad DeLong is my favorite Macroeconomist

Why Brad DeLong is my favorite Macroeconomist

This is a thought experiment I can relate to: “Since I am in Berkeley let’s think of an economy with two occupations: baristas and yoga instructors. Baristas make lattes and yoga instructors teach you how to do the Downward-Facing Dog. Can there be a situation in which baristas have brewed more cups of coffee than than yoga instructors want to buy who are offering more yoga lessons than baristas want to take?”

Published: December 12 2010

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