MAC08 Debt

Expalins how normal savings does not lead to shortfall in agg demand. One needs debt -- especaillay levergged debt
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10 01 18 Lec 8 of Adv Macro considers the Keynesian General Theory of Deficiencies in Aggregate Demand as source of unemployment. This seems to be insufficient, and must be supplemented by Debt-Deflation theory of Fisher, plus more details on micro-structure  Oct 1, 2018, 12:55 AM Asad Zaman
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Milton Friedman & Anna Schwartz -- Wikipedia Summary of book  Oct 1, 2018, 12:03 AM Asad Zaman
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Lecture Covered this Fisher article on Debt-Deflation  736k v. 1 Oct 1, 2018, 12:00 AM Asad Zaman
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DEBT, DELEVERAGING, AND THE LIQUIDITY TRAP: A FISHER-MINSKY-KOO APPROACH* Author(s): Gauti B. Eggertsson and Paul Krugman Source: The Quarterly Journal of Economics,Vol. 127, No. 3 (August 2012), pp. 1469-1513 -- UPDATED version of Debt-Deflation  3318k v. 1 Oct 1, 2018, 12:01 AM Asad Zaman
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Iceland Plan eliminates fractional reserve but keeps interest. Islamic Version eliminates BOTH interest and fractional reserve  Oct 1, 2018, 12:08 AM Asad Zaman
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Lecture Slides -- Effective Demand leads to recession ONLY in presence of DEBT -- factor ignored by Keynes  149k v. 1 Oct 8, 2018, 7:54 AM Asad Zaman
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Wide ranging talk/discussion on education, knowledge, colonization, inferiority complex, self-transformation, religion, changing the world, self-worth, etc.  Oct 1, 2018, 12:38 AM Asad Zaman
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FROSTI SIGURJONSSON -- report commissioned by Iceland.  Oct 1, 2018, 12:07 AM Asad Zaman
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Article shows how pumping money into economy did not lead to inflation -- This supports endogenous money, and shows govt cannot control money supply, as discussed in lecture  Oct 1, 2018, 1:37 AM Asad Zaman
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