August 17, 2015

ICYMI Accounting for ****

Blog-Reference with AXEC comments here and here

There is a parallel discussion on mainly macro under the heading ‘What is it with economists and accounting identities?

See AXEC's answers ‘Either stupid or duplicitous’ and 'Stupid or duplicitous? Both!'

For the bigger picture see the cross-references 'Refutation of I=S'

Relates also to MMT see 'Modern moronomic theory'