An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Tuesday, June 18, 2013
Art Shipman — What does it matter anyway?
What does it matter? If you misread the graphs, you misread the economy. That's all.
SRW responds in the comments. Scott Sumner, not yet.
You can't just look at the growth of debt in a vacuum...it's the growth of debt relative to the increase in spending that matters...that's where the funds for payments comes from.
You can't just look at the growth of debt in a vacuum...it's the growth of debt relative to the increase in spending that matters...that's where the funds for payments comes from.
ReplyDeleteThe rates of change of public spending and credit expansion (log scale)...
ReplyDeletehttps://dl.dropboxusercontent.com/u/33741/public%20spending_debt%20expansion%20log.png
Link please?
ReplyDeleteLink fixed
ReplyDelete