tag:blogger.com,1999:blog-2761684730989137546.post1950601972296058539..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Lars P. Syll — On the non-neutrality of money – Keynes v. Krugmanmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-72157426715915703732016-01-23T12:51:36.894-05:002016-01-23T12:51:36.894-05:00I can't believe this stuff is still listened t...I can't believe this stuff is still listened to. There is no justification for the money neutrality argument. None. <br /><br />I'm getting the same with 'trade deficits'. Apparently trade deficits are really bad. But nobody can explain to me why a cross-country border trade deficit is so awful, but a intra-country trade deficit isn't. Something that is particularly obvious when they start talking about the Eurozone - not realising that those countries are now states in a union, not countries!<br /><br />Waving the 'transfers' hands doesn't really cut it in a time when transfers are being slashed to the bone. NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.com