re: Raico Cleans Tom Palmer’s Clock

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“Who could take a self-described economist seriously when he writes that [involuntary] unemployment is impossible in a free market?” I guess Palmer has never heard of Robert Lucas, Thomas Sargent, and the other “new classical” macroeconomists who made exactly the same point in the 1970s. (The Nobel committee sure took Lucas seriously.)

12:17 am on August 19, 2003
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