tag:blogger.com,1999:blog-2761684730989137546.post4676145591792530842..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Dirk Bezemer — Credit is What Credit Does: Finance and Economic Growth Uncoupledmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-71443229279698184072012-05-29T14:37:01.882-04:002012-05-29T14:37:01.882-04:00Already up.Already up.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-61449796829597514442012-05-29T14:21:22.831-04:002012-05-29T14:21:22.831-04:00Tom,
I think you should post JKH's newest ess...Tom,<br /><br />I think you should post JKH's newest essay from over at MMR. It's a long read, but a fantastic piece.JKnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-16117555727983144492012-05-29T14:13:56.134-04:002012-05-29T14:13:56.134-04:00This gets back to Paul's observation that &quo...This gets back to Paul's observation that "The satisfaction of the liabilities created by credit leads to a contraction in economic growth."<br /><br />That said, it's difficult to see how to account for things without establishing Liabilities...<br /><br />Perhaps we should focus on the fact that credit is mostly used for the purchase of long term assets (Housing/Property and Autos)...<br /><br />Resp,Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com