Challenging the PremissesNewer Posts at EconCrit
I agree with the conclusion (high debt is likely to cause low growth).
I was going to slog my way through Cochran's article, but I threw it in when he brought out the confidence fairy stuff.Two points. 1) Having status as issuing the world's reserve currency puts a country in rather a special position. B) things are different at the ZIRB.JzB
The spam filter's been acting up again lately. I'm aware, and checking it often.Oh, what fun they must have with this at Blogger!
I was going to slog my way through Cochran's article, but I threw it in when he brought out the confidence fairy stuff.
ReplyDeleteTwo points. 1) Having status as issuing the world's reserve currency puts a country in rather a special position. B) things are different at the ZIRB.
JzB