(Fund)Raising Resources to help Eurozone Members in Need?

Well, it might appear that my smug headline in the post below may not have been so appropriate after all. At least I find the news from the FT today that Eurozone members, headed by France and Germany, are considering to set up an internal IMF type fund very significant.

(from the FT)

Germany . . . → Read More: (Fund)Raising Resources to help Eurozone Members in Need?

Consumer Debt and the Supply-Demand Dynamic

I was recently reminded of the old argument about Say’s Law, and that reminded me that it was Keynes who twisted Say’s theories around to create the ridiculous argument that supply created its own demand, which I say is a load of crap, which pretty much sums up a lot of what Keynes did, . . . → Read More: Consumer Debt and the Supply-Demand Dynamic