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Back To The Future - Tyler Cowen
The Joe Walker Podcast
The Keynesian Model of Demand
In the Keynesian model, both consumption and investment are part of demand. So I guess I don't agree with Sufi that debt repayments transfer permanent income from borrowers to savers. Investment is not yielding zero or negative returns; it's just much slower than it used to be,. But at the margin, investing more will get you further than consuming more in my opinion.
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