The great debate over savings has come to a head over at the Monetary Realism blog. The pseudonymous writer JKH has an extraordinarily detailed presentation at Monetary Realism of the debate over the correct way to view the concepts of saving and investment.
It’s very long, very wonkish and full of accounting equations. If that sort of thing gets you going on a Tuesday afternoon, by all means please read the whole thing.
For those of you looking for a cheat-sheet, here’s a quick breakdown about what’s going on in this debate.
Read it at CNBC NetNetThe Great Debt/Savings Throwdown: A Cheat Sheet
by John Carney