tag:blogger.com,1999:blog-2761684730989137546.post637642774660101704..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Some linksmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-65333599025251481752017-10-17T05:59:23.866-04:002017-10-17T05:59:23.866-04:00No I think that the redistribution is random and ...No I think that the redistribution is random and equal from all entities...<br /><br />The problem is that some entities can go to zero and others accumulate large amounts and once ones that go to zero are established they can never can never get much above zero ...<br /><br />And these are just the random results, imo if you added a bias among some entities to save, maybe 10% to 20% of the income it would accelerate the process towards those savers... iow everybody normally would spend $1 every iteration but you could have 10% of entities only spend 80 cents and save 20 cents... see what happens...<br /><br />This is the Matthew Effect that Neil pointed out...<br /><br />https://en.m.wikipedia.org/wiki/Matthew_effect<br /><br />Warren (rote): "if somebody saves then we can't buy all of our output..." this creates the unemployment in the proceeding fiscal interval...<br /><br />This is why studying what is currently going on in the EZ would be important.... they are in effect impugning the ability to save over there by CB buying the govt bonds... non-govt can't net save as the depositors asset is the depository's liability so that nets to zero...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-85521973623264309972017-10-16T20:30:43.477-04:002017-10-16T20:30:43.477-04:00Add the ability for a cohort to save and see how s...<i>Add the ability for a cohort to save and see how skewed it gets...</i><br /><br />Add the ability for a cohort to save = increase incomes of that cohort.<br /><br />This is the issue, isn't it.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-936888198435537102017-10-16T19:49:15.658-04:002017-10-16T19:49:15.658-04:00Neil posted this up some months ago....
Add the a...Neil posted this up some months ago....<br /><br />Add the ability for a cohort to save and see how skewed it gets...Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.com