@DanielaGabor TBC nothing in this argument hinges on any special link btw saving, loanable funds and investment. It is simply

@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.

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