tag:blogger.com,1999:blog-2761684730989137546.post6601739552232784697..comments2024-03-29T09:32:34.853-04:00Comments on Mike Norman Economics: A nice email...mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-11657102397562166842010-01-27T20:40:58.808-05:002010-01-27T20:40:58.808-05:00Moderating booms means keeping inflation in check,...Moderating booms means keeping inflation in check, in this case.Mike Sandiferhttps://www.blogger.com/profile/04266779805691997171noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-51073124561557489982010-01-27T20:39:45.787-05:002010-01-27T20:39:45.787-05:00You do sometimes offer what to my eyes are novel m...You do sometimes offer what to my eyes are novel macro paradigm perspectives. It's frankly hard to find those anywhere I happen to look.<br /><br />I dont' quit eunderstand your Government deficit = private sector surplus and government surpluses = private sector deficit. This is not just because Rubin tried to convince us otherwise in the '90s.<br /><br />Is the former true because our government can borrow at such low interest rates? And the latter is obviously true, except that I thought the Keynesian idea was to run surpluses to help pay down counter-cyclical debt and moderate booms. That being said, monetary policy would seem to be a much better tool to moderate booms.<br /><br />I'm not an economist, so maybe I missed something somewhere.Mike Sandiferhttps://www.blogger.com/profile/04266779805691997171noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-86150424732017007322010-01-26T23:59:18.954-05:002010-01-26T23:59:18.954-05:00Wow! Nice letter :)Wow! Nice letter :)MortgageAngelhttps://www.blogger.com/profile/02797341866990387426noreply@blogger.com