tag:blogger.com,1999:blog-2098432983500045934.post2510946711625137355..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: DPDThe Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-2098432983500045934.post-1501973412169382142011-03-31T02:51:37.277-04:002011-03-31T02:51:37.277-04:00JzB,
The trend resulting in that six-to-one is sho...JzB,<br />The trend resulting in that six-to-one is shown at <a href="http://newarthurianeconomics.blogspot.com/2010/11/its-not-what-you-thought.html" rel="nofollow">It's not what you thought</a>.<br /><br />I analyze the relation of public to private debt at <a href="http://newarthurianeconomics.blogspot.com/2011/02/everything-you-need-to-know-about.html" rel="nofollow">Everything You Need to Know About Economic Performance</a>.<br /><br />Basically, the two graphs there show that austerity will not solve the economic problem.<br /><br />Your blog is mathematical in a comfortable way. Perhaps you would consider checking my work? Links to my sources on debt may be found at <a href="http://newarthurianeconomics.blogspot.com/2010/08/public-v-private.html" rel="nofollow">Public v Private</a>, or in the last few lines of "It's not what you thought."The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-3099833604408214932011-03-30T04:45:33.452-04:002011-03-30T04:45:33.452-04:00Greg, I finally figured that out. A mortgage and a...Greg, I finally figured that out. A mortgage and a treasury bond are both debt, but a mortgage is debt in <i>our</i> sector, and a treasury bond is debt in the <i>public</i> sector.<br /><br />It is the "sectoral balances" thing again. I get it now :)The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-451779427316573632011-03-29T21:30:36.747-04:002011-03-29T21:30:36.747-04:00Jazzbumpa
I think I remember seeing you at Angry ...Jazzbumpa<br /><br />I think I remember seeing you at Angry Bear back when I used to visit there regularly. Nice to see you over here at Arts place.<br /><br />I've gotten to where I discuss the difference between public and private debt this way;<br /><br />Would you rather have a $100,000 mortgage or have a $100,000 Treasury Bond. If youd rather have the mortgage, Ill give you mine and Ill take your Treasury Bond. Deal?Greghttps://www.blogger.com/profile/03139782404004492965noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-26137306778041863592011-03-29T20:00:15.496-04:002011-03-29T20:00:15.496-04:00Thanks for the clarification.
Wasn't aware of...Thanks for the clarification.<br /><br />Wasn't aware of the 6/1 ratio.<br /><br />I think you're right.<br /><br />The relevant question with debt (or at least one of them) is: can it be serviced.<br /><br />Another thing to think about is the uses of that debt. I believe the debt accumulation facilitated a grotesque misallocation of resources.<br /><br />Cheers!<br />JzB<br /><br />P.S. I've quite had it with the Masked Economist.Jazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-35726662978004851992011-03-29T19:11:56.838-04:002011-03-29T19:11:56.838-04:00I look at total debt. I should always be specific....I look at total debt. I should <i>always</i> be specific. Thanks for the reminder.<br /><br />Everybody talks of government debt but ignores the bigger accumulation.<br /><br />I also look at the balance between public and private debt. By the time the financial crisis got us to start reducing our (private-sector) debt, total private-sector debt was six times total government (federal+state+local) debt in the U.S. I think people are focused on the wrong debt.The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-86113767946451852472011-03-29T14:05:49.655-04:002011-03-29T14:05:49.655-04:00When I first looked at the post, I assumed you mea...When I first looked at the post, I assumed you meant government debt.<br /><br />Now I having second thoughts. What debt are you talking about?<br /><br />Cheers!<br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-80636880958510107762011-03-29T13:27:02.044-04:002011-03-29T13:27:02.044-04:00Hi Art -
I comments at David Beckworth's plac...Hi Art -<br /><br />I comments at <a href="http://macromarketmusings.blogspot.com/" rel="nofollow">David Beckworth's place</a>, he pointed out to me that M1 is not such a good measure, and MZM is more relevant. (Sorry, don't have a direct link.)<br /><br />I've never seen anyone talk about debt as a function of money supply before. Interesting idea.<br /><br />I followed a link to Macromania, and found that post to be quite thought provoking. <br /><br />Cheers!<br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.com