Thursday, October 26, 2017

Steve Roth — The Mysterious Stock of “Loanable Funds”

What follows is very unorthodox thinking even among the heterodox. It’s well beyond and different from MMT’s utterly convincing takedowns of “loanable funds” notions, for instance.
So take it as the ravings of an internet econocrank, if you will. But here it is FWIW....
Asymptosis
The Mysterious Stock of “Loanable Funds”
Steve Roth

1 comment:

Neil Wilson said...

Is this "Steve Roth discovers the wealth effect", or did I miss something?