Thursday, July 13, 2017

Ramanan — John Maynard Keynes On Surplus Nations’ Obligations

For The Economist, Germany’s behaviour is a threat to free trade. For Post-Keynesians, Germany’s behaviour is expected (and ought to be different) and is a good reason to reject free trade.
But it’s not a bad thing that The Economist recognizes Keynes’ insights.
The Case for Concerted Action
John Maynard Keynes On Surplus Nations’ Obligations
V. Ramanan

1 comment:

Neil Wilson said...

Germany is a state in the Eurozone, not a nation. You may as well complain about California.

The 'trade surplus' nations import savings. So give them savings - with no income. After all they have no choice but to take it, or buy something denominated in the currency.