Re: Re: Re: Re: Current (heterodox) thinkingoninterestrates?

[Jim Devine <jdevine@xxxxxxxxxxxxxxx>]

> CB: From whom do they [banks] borrow ? Aren't the biggest creditors, net
> creditors ?

they borrow from all people who have bank accounts, though the most
important are those who can afford to save most and also can afford to keep
the largest amounts in the bank.

> CB: Stagflation seemed to be a pinnicle of monopoly price fixing

currently, we're having the opposite of stagflation, i.e., low official
unemployment rates and low inflation.

Jim Devine jdevine@xxxxxxx &  http://liberalarts.lmu.edu/~jdevine