# Paul Krugman highlights Prof. Kim Schoenholtz's blog post on macroeconomics

1 Faculty News April 7, 2015 ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/con_035448.jpg?itok=IVkgK8oz)>

Excerpt from [The New York Times](http://krugman.blogs.nytimes.com/2015/04/07/economics-of-love/) -- "Cecchetti & [Schoenholtz](http://w4.stern.nyu.edu/faculty/bio/kim-schoenholtz) argue that 'zero matters' in macroeconomics; specifically, both the zero almost-lower bound on interest rates and downward wage rigidity make the case that deflation or for that matter very low inflation is a bad thing."

[Read more](http://krugman.blogs.nytimes.com/2015/04/07/economics-of-love/)