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ProfessorGAC

(76,925 posts)
9. Your Second Paragraph
Thu May 11, 2017, 11:01 AM
May 2017

I know that! I'm saying that this term became used in macroeconomics, but quite a long time ago. Keynes himself used the term in the 30's.

So, it DOES have something to do with macroeconomics, but the term goes back to a couple centuries ago long before we were using it in any other sense.

Now "it" is using the term, macroeconomically, and thinks it's something new.

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