tag:blogger.com,1999:blog-2098432983500045934.post2644995346162597480..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: "Finally we'd give up on the ideas that worked in the 1960s -- most of them, but not the idea that we always want debt to grow a little faster than the quantity of money, because we always want that."The Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2098432983500045934.post-84971858312409021032014-07-15T05:21:10.693-04:002014-07-15T05:21:10.693-04:00"We" being policymakers, those whose job..."<b>We</b>" being policymakers, those whose job it is to manage such quantities. Either they <i>caused</i> it to happen, or they <i>failed to prevent it</i>.<br /><br />They are certainly not oblivious: <b>they</b> track the data.<br /><br />Indifferent? Indifferent = "they failed to prevent it".<br /><br />But it looks to me like "debt growth faster than money growth" was (and is) by design of policy. <a href="http://newarthurianeconomics.blogspot.com/2010/09/its-in-percentages.html" rel="nofollow">It's in the percentages</a>.<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-28485548770180856362014-07-14T23:30:27.966-04:002014-07-14T23:30:27.966-04:00"the idea that we always want debt to grow a ..."<i>the idea that we always want debt to grow a little faster than the quantity of money, because we always want that.</i>"<br /><br />I'm not at all sure that's the case - but first, who is the "we" of whom you speak? Policy makers? Economists? Peons in debt? Bankers?<br /><br />Maybe debt grows faster despite being what we don't want.<br /><br />Maybe it happened because policy makers are absolutely indifferent or oblivious to it.<br /><br />Who do you think always wants that, and why do you think so?<br /><br />Cheers!<br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.com