Re: What is Creditary Economics?

["Gunnar Tomasson" <gunnar.tomasson@xxxxxxxxxxx>]

Warren:

The point at issue is Economics 101.

For Interest denotes (a) the PRICE of Credit, and (b) the RETURN on Savings.

Gunnar



----- Original Message -----
From: "Warren Mosler" <mosler@xxxxxxxxxxxxxx>
To: <pkt@xxxxxxxxxxxxxxxx>
Sent: Tuesday, April 15, 2003 8:50 AM
Subject: Re: What is Creditary Economics?


>
>
> > >Surely, mainstream, monetarist, and post Keynesian
> > scholars all agree (a)
> > >that raising interest rates will increase "savings"
> > and reduce aggregate
> > >demand,
>
>
>
> > Not for this Post Keynesian.
>
> Me neither.  Nor anyone who thinks it through who can
> tie their own shoes...
>
>
> warren
>
> >
> > Paul
> >
> >
>
>
> =====
> Warren Mosler, www.mosler.org
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