tag:blogger.com,1999:blog-2098432983500045934.post3350647506489201432..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: (untitled)The Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-2098432983500045934.post-37731463888762677132012-02-28T08:57:16.255-05:002012-02-28T08:57:16.255-05:00What an informative post thaxs for sharing such a ...What an informative post thaxs for sharing such a nice blog.<br /><a href="http://www.uiu.edu/" rel="nofollow">accounting</a>parkerhttps://www.blogger.com/profile/11081943286679982965noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-53779251127814511412012-02-05T15:26:33.618-05:002012-02-05T15:26:33.618-05:00What do you mean by real saving Jazz?
Ive heard m...What do you mean by real saving Jazz?<br /><br />Ive heard many describe it different ways but I'm curious how you describe it.<br /><br />Heres more that I found today<br /><br />http://www.asymptosis.com/how-accounting-constrains-economics.html<br /><br />Especially this comment<br /><br />http://www.asymptosis.com/how-accounting-constrains-economics.html#comment-3736Greghttps://www.blogger.com/profile/03139782404004492965noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-72771429678257649982012-02-05T11:51:53.992-05:002012-02-05T11:51:53.992-05:00Greg -
I read the links last night, including man...Greg -<br /><br />I read the links last night, including many of the comments. Good stuff.<br /><br />What I've gleaned is that S is determined as a residual, so in the accounting, the ex post identity must hold.<br /><br />Which reduces it to a tautology.<br /><br />What that has to do with real savings by real people in the real world is not so clear.<br /><br />Cheers!<br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-34653168462280476072012-02-04T21:38:07.253-05:002012-02-04T21:38:07.253-05:00Greg -
Thanks for the links. I'll have a loo...Greg -<br /><br />Thanks for the links. I'll have a look.<br /><br />Cheers!<br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-20682114810660861542012-02-04T17:03:34.012-05:002012-02-04T17:03:34.012-05:00More important to the identity is not that they ar...More important to the identity is not that they are equal <br />(in a sense) but the direction of causation.<br /><br />Investment is necessary for savings to emerge. If there is no investment there will be nothing to save. Investment comes first.Greghttps://www.blogger.com/profile/03139782404004492965noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-27639564552494410062012-02-04T17:00:58.619-05:002012-02-04T17:00:58.619-05:00Jazz,
You might like this entire discussion here;...Jazz,<br /><br />You might like this entire discussion here;<br /><br />http://worthwhile.typepad.com/worthwhile_canadian_initi/2012/01/why-saving-should-be-banned.html<br /><br /><br />here;<br /><br />http://traderscrucible.com/2012/01/18/again-i-does-not-equal-s/<br /><br />and here<br /><br />http://traderscrucible.com/2011/08/26/i-does-not-equal-s/Greghttps://www.blogger.com/profile/03139782404004492965noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-10569592418737294852012-02-03T16:49:38.715-05:002012-02-03T16:49:38.715-05:00Well, there's this accounting identity, I = S,...Well, there's this accounting identity, I = S, that tells us investment equals savings. I've come to believe it's utter bullshit.<br /><br />For one thing, it doesn't go to investment, it goes to the derivatives market that is some multiple of global GDP in the range of 10 to 25x.<br /><br />Policy rewards what the top 0.1% want is to reward because they own the god damned government.<br /><br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.com