The Problem With Krugman's Baby-Sitting Example
Peter Schiff has an excellent refutation of Paul Krugman's (in)famous baby sitter example that he has repeatedly used as an example of the supposed virtues of inflation:
Hard-Hitting Economics Commentary
posted by stefankarlsson at 2:19 PM
I am an economist currently working in Sweden. I am an independent thinker, but generally lean toward the Austrian school of economics. I have written for free market think tanks and web sites such as Timbro, Captus , Ludwig von Mises Institute, The European Enterprise Institute and Der Invest Informant.
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