tag:blogger.com,1999:blog-2098432983500045934.post3187722453667364635..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: Noah Smith: The effect of excessive debt on economic growthThe Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2098432983500045934.post-9483761330843394832013-02-25T18:25:53.716-05:002013-02-25T18:25:53.716-05:00Hi Juan,
I think you're right about how Noah i...Hi Juan,<br />I think you're right about how Noah interprets that detail. But without interpretation, Noah offers something like a correlation between "plenty of borrowing" and "stagnation". I do enjoy pointing out such things.<br /><br />Thanks Juan.<br />Art<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-51430726669621140672013-02-25T14:32:33.786-05:002013-02-25T14:32:33.786-05:00I think he interprets that historical detail as a ...I think he interprets that historical detail as a good thing: the fact that people are able to borrow during periods of stagnation is evidence for the general thesis of the article, which is that capitalism can carry on with next to no growth.<br />Juanhttps://www.blogger.com/profile/11147365675250798236noreply@blogger.com