@DanielaGabor TBC nothing in this argument hinges on any special link btw saving, loanable funds and investment. It is simply a matter of an upper ceiling on output – you name it they found it – so that more war spending crowds out consump AND investment. Do we disagree about that? Hope not.
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…