I have been reporting for months that the indicator we should all be monitoring is Real Gross Private Domestic Investment....Forbes — Pragmatic Economics
I saw a high profile comment to the effect that the business cycle was abolished recently. Since I will be plugging a book on recessions shortly, that represents a risk to my business plans. I do not wish to go through what exactly was said elsewhere (mainly because I did not go through the details of the argument), but just give my spin on the idea. If we stick enough qualifications into how we express ourselves, it is not that controversial an opinion....Bond Economics
The way to read the debt-per-dollar ratio is this: It goes up until there is a big economic problem, it goes down while that problem is being solved, and it goes up again after the problem is solved...Art demonstrates good use of math in econ.
If only they would use the accelerated repayment of debt as their main tool for fighting inflation, we could have that permanent quasi-boom.What is the basic principle for fiscal policy on which MMT is based? Accommodate saving desire through functional finance so that private debt doesn't accumulate, leading to financial instability and economic contraction.
I am slowly moving towards the end of writing an ebook which discusses interest rate cycles. One of the theoretical topics of interest is the relationship between interest rates and fixed investment. Like many other post-Keynesians, I do not feel that interest rates are particularly important for the determination of the level of investment. This article is a brief introduction to this topic, focussing on what we know about the economic cycle.…Bond Economics
