Comments (5)

  1. raymond clyburn says:

    thanks for the info

  2. KEITH SLIPPER says:

    The cash in the economy may not get out if we are in a kind of “balance-sheet” recession”, as per coo. wicksell did not consider this as far as i can tell, or do you have other information?

    the heavy indebtedness of corporations may be the key here – if rates start to rise, then refinancing the mega-leverage levels of today will be very difficult.

    on a lighter note, would you agree that wicksell has the worst barber of any economist including bastiat?

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