He says this hasn't been true for a while (how long?).
But, both interest and growth rate are each now generally doodly squat!
So, how would one really ever know for sure which was greater than the other when, or for how long?
Are Debt Spiral and Liquidity Trap prongs of a Morton's Fork?
Or does one merely sink deeper into a Debt Spiral to avoid the Liquidity Trap, and vice versa?
The Economists' Pathetic Dilemma
For my French Audience, Piketty can doubtless explain all this to you.
Audience today:
Are Debt Spiral and Liquidity Trap prongs of a Morton's Fork?
Or does one merely sink deeper into a Debt Spiral to avoid the Liquidity Trap, and vice versa?
The Economists' Pathetic Dilemma
For my French Audience, Piketty can doubtless explain all this to you.
Audience today:
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