Stuff I Read On The Network (2013-08-31)

Just a few comments on roughly articles I convey run across.

Interfluidity has comments on whether banks are particular when compared to other fiscal intermediaries repo marketplace past times Nick Edmonds.) But if y'all are attempting to sympathize what is theoretically possible, distinctions alongside fiscal institutions is blurred.
A comment on a comment on a verbalize past times Warren Mosler past times Brad DeLong. Professor DeLong's give-and-take is based on the supposition that "unsustainable debt trajectories" are a attain danger for modern economies. If stock-flow norms exist, rising authorities deficits volition Pb to to a greater extent than rapid nominal gross domestic product increase (and thence inflation if existent increase does non rise) equally the sectors with increasing involvement income pass to a greater extent than out of that income. Moreover, taxes volition rising inwards reply to faster nominal income growth. Therefore debt trajectories terminate upward beingness stabilised, which is an empirically observed characteristic of welfare Earth economies with floating central rates.
Calculated Risk covers the mediocre personal income study released Friday. These information are consistent with an economic scheme with a steady ho-hum increase trend, with roughly superimposed noise.

Economist and Investment