tag:blogger.com,1999:blog-2098432983500045934.post6745759737848246943..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: Antonio Fatas and the Chain of CausalityThe Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2098432983500045934.post-45758926296182014122015-11-10T04:27:35.875-05:002015-11-10T04:27:35.875-05:00Damn! Thanks Greg. It is so obvious to me that pri...Damn! Thanks Greg. It is so obvious to me that <i>private</i> debt is the problem, that once again I forgot to use the word "private".<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-85539064320852618872015-11-09T17:16:11.026-05:002015-11-09T17:16:11.026-05:00"No. It's not an open question. Excessive..."No. It's not an open question. Excessive debt is the cause of deficient demand. Secular stagnation is the result."<br /><br /><br />Right..... and when presented with this the ONLY thing that gets looked at is govt debt not private debt. <br />Greghttps://www.blogger.com/profile/03139782404004492965noreply@blogger.com