Sunday, January 18, 2015

Macro Economics - Two out of three ain't bad

Steve Keen has essentially written a better-worded version of the blog I was going to write, only with pictures.  The only issue is that he doesn't talk much about the third leg - imports and exports. 

So, rather than retrenching this same ground, I'll just link to the better article and then continue from there in a day or two.  But the bottom line is clear -- balancing the Fed budget on the backs of the taxpayer makes no sense.  Nor does enriching banks.  In fact, we CAN'T balance the budget without balancing trade first, really. 

http://www.forbes.com/sites/stevekeen/2015/01/14/beware-of-politicians-bearing-household-analogies-3/

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