An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Man, this argument is ridiculous. Each new article is even less helpful than the last. Not only can economists not agree on anything, they can't explain anything either.
3 comments:
Man, this argument is ridiculous. Each new article is even less helpful than the last. Not only can economists not agree on anything, they can't explain anything either.
I didn't understand TC's comments on the matter either, fwiw.
What all these arguments are missing of course is the 'I' of last resort - central bank reserves.
And as usual the problem is that the equation is being read as an time based implication, not an equality at a point in time.
So really I = S (ie I => S).
Post a Comment