Monday, January 3, 2011

Comment #88 (Follow-Up)

In mine of 25 December I wrote:

Comment #88 strikes me as a very popular view, but also quite confused. I applaud the commenter's explicit identification of debt -- household debt here, public sector debt there. Indeed, most people just call it debt, which makes the whole thing a jumble with no solution.

"Most people just call it debt, which makes the whole thing a jumble with no solution."

More recently (1 January) I happened upon excerpts from Where Keynes Went Wrong, by Hunter Lewis. The excerpt from Chapter One includes the paragraph shown and highlighted here:


Man, I need a steadier hand!

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