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save nothing
but keep your credit rating dry
we jobsters are by class credit constrained
we spend what we can
get our hands on
and borrow what we "may"this is not embedded in the class models too well
though i love mankiws
simple reasoning
that if we have fore sight we'll not tax the investor class
in as much as they pay for new
productive machineryof course he forgets firms can borrow from the credit system
and the credit system
doesn't need savings
the gubmint can "take " what it needs
to provide
adequate
loan volume
for the new machine makers and installers
Posted by pinky at October 18, 2006 02:09 PM