Part of the problem is the focus on a notion of broad aggegate demand. Aggregate demand, such as GDP, is a result, again a symptom, not a cause....
The Money Multiplier Chart is a dramatic picture of the collapse of monetary velocity in the economy. The graph is a ratio, as I explained...
Didn't mean to offend with that 'spurious' comment. We have no history together and I don't know anything about 'denninger.' Your comment was...
Of course paying off debt is deleveraging...that is a tautology...'deleveraging means paying off more debt than you initiate. Observe aggegate...
One of the problem with modern 'economics' is that has evolved seperate from 'finance.' So, economic theorists traffic in unsupported assertions...
Mr. Dodge, who are you...you are the only person I have encountered who sees clearly what is going on...and I have been reading and talking to...
Separate names with a comma.