Saturday, June 23, 2012

Interview of Marc Lavoie by Philip Pilkington — Part II

Must-read, along with Part I.

Read it at Naked Capitalism
New Directions in Monetary Economics: An Interview with Marc Lavoie – Part II
Interview conducted by Philip Pilkington
Posted by Yves Smith

1 comment:

Anonymous said...

Marc Lavoie:

"We know, as an identity, that the government deficit has to be equal to the current account deficit plus the financial saving of the private sector."

Isn't this what MMT says, except that the term "net saving" is used instead?

If so, isn't Lavoie simply taking the MMT side vs the MMR guys in the 'saving' debate?