by Summary:
This is a short (for me!) video discussing why one entity's surplus is another's deficit in a monetary economy, and why governments running a surplus are making the economy weaker rather than stronger.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
This is a short (for me!) video discussing why one entity's surplus is another's deficit in a monetary economy, and why governments running a surplus are making the economy weaker rather than stronger.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| This is a short (for me!) video discussing why one entity's surplus is another's deficit in a monetary economy, and why governments running a surplus are making the economy weaker rather than stronger. |
@2:00 savings behaviour pulls money out of circulation. That does not have to slow the macroeconomy down if everyone else speeds up their rate of spending, so "turnover" increases to compensate the raw demand leakage. But that's the problem, they tend not to.
If people would have decent interest rates on the money in the bank, they would spend more money into the real economy. Now they’re forced to take risks only to keep up with inflation. People don’t spend into the real economy, they just inflate the stock markets.
Have you given thought to kuramoto model of debt syncronization. Every financial entity can be thought of like debt oscilator.