July 28, 2005

wish away price stickiness ?




 the keynesian viscosity 
of relative price adjustments 
was always the great Vics's 
bug a boo 


but i once asked him

"well what if they weren't ?
what if prices 
 flew about at lightening speed....? 
wouldn't all hell brake loose "


=============================


the great vic looked at me with disappointment 

   " what are u saying  eve ?......
                         are we  not 
                              shackled  angels ? "


  that was a man who believed in price systems
Posted by pinky at July 28, 2005 08:22 AM

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