tag:blogger.com,1999:blog-2098432983500045934.post6748811397680627440..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: FYGFD "fails to drop"The Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2098432983500045934.post-567801523653881022011-06-04T11:14:01.473-04:002011-06-04T11:14:01.473-04:00Had 3 years of piano lessons (before I was 10) but...Had 3 years of piano lessons (before I was 10) but that doesn't help me appreciate music. Yours sounds good, though, and the other one has a graphic that helps me see what the sounds are doing.<br /><br /><b>I'm not sure your implications necessarily hold. They would if GDP growth is slower than debt growth (DOH!) So yeah, now. Maybe not during the golden age.</b><br /><br />Oh, yeah, GDP grew slower than debt in the golden age, too. But the accumulation of debt was less in those days, so the "drag" it created was less.<br /><br />Therefore, the use of credit was more efficient in those days, and the age was golden. (Google "credit efficiency"... see if I turn up.)The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-71148040282335920652011-06-04T08:21:29.628-04:002011-06-04T08:21:29.628-04:00Art -
Re: a) Well, that's just inflation. Ri...Art -<br /><br />Re: a) Well, that's just inflation. Right now we have very little. I'm not sure your implications necessarily hold. They would if GDP growth is slower than debt growth (DOH!) So yeah, now. Maybe not during the golden age.<br /><br />Re: b) Now you sound like a socialist and an isolationist.<br /><br />I believe Financial sector debt is much greater than industry sector debt.<br /><br />I don't always see things in terms of music. This was striking. Contrary motion doesn't happen all the time but it's a common feature of <a href="http://www.youtube.com/watch?v=PJFGcwRGOnM&feature=relmfu" rel="nofollow">counterpoint,</a> especially in outermost voices<br /><br />I take a shot at it <a href="http://jazzbumpa.tumblr.com/post/52363022/like-music-here-is-a-jazzy-fugue-i-wrote-on-an" rel="nofollow">here. </a> <br /><br />Cheers!<br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-48274280734574411912011-06-04T03:41:00.151-04:002011-06-04T03:41:00.151-04:00Just a suggestion. A gut feeling. There is no spec...Just a suggestion. A gut feeling. There is no specific linkage commonly discussed in the media, that is for sure. It is just an idea, or a way of presenting an idea, that may be worth chasing down. <br /><br />Actually, I'm pretty sure that growth of private-sector debt implies (a) growth of private-sector cost, and/or (b) growth of the private economy in general.<br />(a) has implications like falling profit, a falling standard of living, an expanding financial sector, and perhaps an expansion of government countercyclicals and of government debt.<br />(b) has implications like, well, regulation of the financial sector (and chicken parts and imports from China) has to expand with the supply side, or fail to expand with it and fail to perform adequately.<br /><br /><b>There is contrary motion almost all the time between the two.</b><br /><br />Good observation, there definitely is. My graphs from last November incorrectly attributed public-sector financial debt to the private sector, but you can see the <a href="http://newarthurianeconomics.blogspot.com/2010/11/look-at-debt-problem-3.html" rel="nofollow">"contrary motion"</a> anyway, and for a longer period, too.<br /><br />Wow, you see things in terms of music.The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-21983321243847359402011-06-03T23:25:15.682-04:002011-06-03T23:25:15.682-04:00Art -
It's one thing to suggest that the othe...Art -<br /><br />It's one thing to suggest that the other pulls the Fed, but another to make it credible. There is no specific linkage that I'm aware of. Check your graph B carefully. There is contrary motion almost all the time between the two. I should set it to music. It would make great counterpoint.<br /><br />And drop a best fit across both data sets. I'll bet you see a negative slope for green, and a positive for blue.<br /><br />That whip-saw around 1969 is interesting. 69-70 had the worst GDP growth in a decade.<br /><br />Cheers!<br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.com