Re: Article in the Chronicle of Higher Education

[Warren Mosler <mosler@xxxxxxxxxxxxxx>]

--- pdavidso <pdavidso@xxxxxxx> wrote:
> >===== Original Message From Warren Mosler
> <mosler@xxxxxxxxxxxxxx> =====
> >--- pdavidso <pdavidso@xxxxxxx> wrote:
> >> >===== Original Message From Warren Mosler
> >> <mosler@xxxxxxxxxxxxxx> =====
> >> >'Full Employment AND Price Stability'
> >> >explains unemployment as the evidence that
> >> >govt. isn't spending enough to satisfy the
> >> >desire to pay taxes and the desire to
> >> >net save financial assets.
> >> >
> >> >How may axioms is that, etc???

Seems the above is all one needs to proceed,
including to the questions you address?

If so, that 'overthrows axioms' as stated below?
And what axioms are left?
> >> >
> >>
> >> Yes, Warren but you must explain why people want
> to
> >> accumulate paper
> >> (electronic)financial assets rather than real
> >> duables (assets) with their
> >> savings.
> >
> >Why?  In 'theory' that desire to net save can be 0
> or
> >even negative.
> >
> >However, once we observe it to be positive,
> >for example, then we can attempt to expain why.
> >Most likely for a feeling of 'security,' etc.
> >
> >
>
> Now you are zeroing in on the right question.

Why there is a positive desire to save financial
assets is certainly an interesting question, and
one of many taht follow.  But my above opening
statment is true even if that desire is 0 or negative,
right?

Warren


=====
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