Monthly Archives: June 2004

Saving, Asset-Price Inflation, and Debt-Induced Deflation

June 27, 2004
By
Saving, Asset-Price Inflation, and Debt-Induced Deflation

Post-Keynesian Conference Kansas City Summary The exponential growth of savings and debt takes the form mainly of loans to finance the purchase of real estate, stocks and bonds. These loans extract interest and amortization charges that divert revenue away from being spent on goods and services. The payment of debt service by the economy’s...

Read more »