tag:blogger.com,1999:blog-4900303239154048192.post1631963438464258528..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Major Economic Reporting Breakdown at the New York TimesUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4900303239154048192.post-29196804119863929872011-11-12T18:15:28.579-05:002011-11-12T18:15:28.579-05:00You are absolutely correct here, but I think it...You are absolutely correct here, but I think it's worth pointing out that you are not correct according to the definitions used in the National Accounts. <br /><br />You say:<br /><br />net savings of the private sector = income minus spending for households and firms<br /><br />In the NIPAs, <br /><br />Savings = Income - *Consumption Spending*<br /><br />Again, you are absolutely correct. The problem is not with you, but with the national accounts.<br /><br />http://www.asymptosis.com/savings-equals-investment-equals-zero.htmlSteve Rothhttps://www.blogger.com/profile/11895481216028771016noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-26661485520123511462011-11-11T10:48:41.679-05:002011-11-11T10:48:41.679-05:00Dr. Dorman, thank you for being one of the lone vo...Dr. Dorman, thank you for being one of the lone voices in the wilderness on this issue. (Gotta' give some love to Kash Mansouri too.) I got Dr. Ewe Reinhardt of Princeton all worked up over this on the NYT Economix blog. The guy is supposed to be a knowledgeable authority on matters of political economy, yet he refused to entertain the notion that Germany's Eurozone mercantilism could be responsible for any part of this mess. Sometimes I feel like the world has turned upside down.Josephushttps://www.blogger.com/profile/09533701754200591394noreply@blogger.com