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Steve Roth — The Mysterious Stock of “Loanable Funds”

Summary:
What follows is very unorthodox thinking even among the heterodox. It’s well beyond and different from MMT’s utterly convincing takedowns of “loanable funds” notions, for instance. So take it as the ravings of an internet econocrank, if you will. But here it is FWIW.... AsymptosisThe Mysterious Stock of “Loanable Funds” Steve Roth

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What follows is very unorthodox thinking even among the heterodox. It’s well beyond and different from MMT’s utterly convincing takedowns of “loanable funds” notions, for instance.
So take it as the ravings of an internet econocrank, if you will. But here it is FWIW....
Asymptosis
The Mysterious Stock of “Loanable Funds”
Steve Roth
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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