blog.andyharless.com
Employment, Interest, and Money: Taper Paradox
http://blog.andyharless.com/2013/07/taper-paradox.html
Employment, Interest, and Money. Friday, July 5, 2013. Suppose you get invited to a party. You don’t expect it to be a very good party, because the mood in town is pretty bleak: most people likely won’t even show up, and those that do won’t be much fun. So you decide, “Unless I hear something good about this party, I’m just going to stay home.”. Then you get a call from the host: “Joe tells me you’re coming. That’s great. Can I ask you a huge favor? If you have some rum, can you bring it? Suppose that ev...