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Re: Re: Re: RE: Re: RE: RE: Estimating Surplus

enilsson@xxxxxxxxx wrote:

Doug wrote, 
 The concept is that households are
 the ultimate holder of business debts - financial institutions are
 just intermediaries.


It depends on your theory, I guess. What you say above is reasonable from the
point of view of some economists.


I was just citing the convention of the NIPAs. Conceptually, the
people who make up households have to be the producers and recipients
of everything, since corps are just legal fictions, no?

Doug


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