Friday, March 9, 2012

Winterspeak — The Myth of High Powered Money


Does the government fiscal deficit flow to savings or equity? Winterspeak says equity and denotes this as NFA (e).

There is already a spirited debate raging in the comments.

Read it at Winterspeak.com
The Myth of High Powered Money
by Winterspeak

3 comments:

Matt Franko said...

I like Winter's post. imo the less we use the word "money" the better... "money" is just one of those words that has become so meaningless and imprecise it's probably best to avoid using it entirely... his use of 'financial asset' to describe these govt accounting operations/transactions seems much more precise to me anyway, is more focused than the term "money".

Resp,

James said...

("money" is just one of those words that has become so meaningless and imprecise)


Not to those who haven't got any.

Matt Franko said...

James,

Hard to go without it for sure!:

http://www.youtube.com/watch?v=w_pSCCzuU4Y

One of the main problems we face is that govt morons like Ron Paul think the govt doesnt have any of it either!

Resp,