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.....So, take your pick: wouldyou like the private sector be in surplus or the government? You cannot haveboth. Presumably, we’d prefer the private sector to save and accumulate financialassets, which means that the government must run a deficit and accumulatefinancial liabilities... Because most people do not think about this basicaccounting relationship,................
Pavlina R. Tcherneva, Ph.D. Assistant Professor of Economics, Bard College Research Scholar, Levy Economics Institute I am a macroeconomist conducting research in the fields of modern monetary theory and fiscal policy, with a focus on full employment. I have previously taught at Franklin and Marshall College and the University of Missouri–Kansas City and have conducted research at the University of Cambridge Centre for Economic and Public Policy, UK, the Levy Economics Institute, NY, and the Center for Full Employment and Price Stability, MO. I have collaborated with policymakers from Argentina, Bulgaria, China, Turkey, and the United States on developing and evaluating various direct job creation programs.
Ideally, the lower 90% should receive a greater share of the total than they npow do, and should invest it.
That is their problem. I said IDEALLY. Let them figure that one out.The profit margins of most businesses are HUGE compared to what they used to be.