tag:blogger.com,1999:blog-2098432983500045934.post7759105989610133298..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: "economics is not a morality play"The Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2098432983500045934.post-79259145889065363562013-11-14T10:49:17.717-05:002013-11-14T10:49:17.717-05:00I'll suggest yet a different interpretation.
...I'll suggest yet a different interpretation.<br /><br />First off, if there is a relationship between money supply and inflation, I have yet to find it. Correlation might actually be negative, which is very hard to rationalize.<br /><br /> http://jazzbumpa.blogspot.com/2013/11/inflationary-derp.html<br /><br />Second, I'll posit that excessive personal debt occurs because of wealth and income disparity. Real median income has been static for 4 decades. At the low end it's far, far worse. <br /><br />And this century, it's been worse still as real People borrow because they can't make ends meet from payday to payday.<br /><br />Come to think of it, there is a moral aspect, but not, IMHO, in the way either you or PK intend.<br /><br />Cheers!<br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.com