Friday, March 4, 2016

Ari Andricopoulos — The Economy Simply Explained

Private Sector Debt is the Problem. Much Higher Government Deficits are the Solution. Except in the Eurozone where Euro is the problem and no Euro the solution.
Sometimes my friends tell me that they try to read them, but my posts are too complicated. I am using jargon that they don't understand and probably they are too long and confusingly written. To remedy this, I have decided to try to write a simplified version of this piece I wrote about how the economy works….
Very close to MMT.

Notes on the Next Bus
The Economy Simply Explained
Ari Andricopoulos | principal at Dacharan Advisory AG, PhD. in Financial Mathematics from Manchester University
ht Raúl Ilargi Meijer, The Automatic Earth

1 comment:

Matt Franko said...

"higher deficits required" : more savings????