5/29/2023 0 Comments Young thug barter 6 blogspot![]() ![]() The most blatant and severe example of this in the non-EMU world has just been announced in Britain. The evidence for this statement lies in the various fiscal austerity plans that are being rehearsed around the world at present. It seems that our national governments have lost their perspective to think at this basic level – to really understand what drives prosperity in their nations. ![]() I have been forcing myself to think “basic” lately as I progress the macroeconomics textbook that my mate Randy Wray and I are writing at present. I also like to get lost in detail too – to work out tricky little aspects of the financial system, etc but it is always a sobering experience to go right back to the beginning. Sometimes we get lost in detail and forget the simple macroeconomic relationships that sit below the complexity.
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