SLAPPING BRAD DE LONG 🙂 —“This meaning of “liquidity” isn’t market thickness,

http://angrybearblog.com/2015/06/paul-krugmans-argument-is-liquidated-when-its-specious-character-is-revealed.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Hzoh+%28angrybearblog.com%29#sthash.lCm7hkY9.dpufBITCH SLAPPING BRAD DE LONG 🙂

—“This meaning of “liquidity” isn’t market thickness, nor is it deep pocketed arbitrageurs — it is ownership of a lot of liquid securities. This is the early 20th century meaning as in “liquidity preference” a phrase which is, as far as I know, used in the 21st century only by Brad DeLong.”—

doh!