by Summary:
What Larry Summers calls “secular stagnation”–which blames the limp economy on slower population growth and technical change–is actually “credit stagnation” due to too high a level of private debt. I explain the logic behind credit being an essential component of aggregate demand and income; the empirical consequences–including stagnation in the “Walking Dead of Debt” countries ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
What Larry Summers calls “secular stagnation”–which blames the limp economy on slower population growth and technical change–is actually “credit stagnation” due to too high a level of private debt. I explain the logic behind credit being an essential component of aggregate demand and income; the empirical consequences–including stagnation in the “Walking Dead of Debt” countries ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
Mike Norman writes The Accursed Tariffs — NeilW
Mike Norman writes IRS has agreed to share migrants’ tax information with ICE
Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
|