by paul.kedrosky
By the way, often mentioning Richard Koo and reading his `` holy grail of macroeconomic '', I can't say at all, that I fully share his ideas. there is some element of super-forgiveness in his logic, which haunts me. here is the same idea about, that the corporate sector minimizes Bulgaria because it is afraid to show the current state of affairs on the balance sheets. well, that's not convincing for me. I hope I'll figure it out from time to time. otherwise, in one of the recent posts, I quite mistakenly assumed about the sources of bank profits (thanks for that, what corrected).
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one of the best video Ku, briefly and clearly.
By the way, here budget revenues in the United States are growing (true within expectations).. but Ku warned, that during a balance sheet recession, budget revenues will grow and buyout and incentives are not only not harmful, but also vital (joking of course, but partly))..
