tag:blogger.com,1999:blog-913439.post8988062114122885573..comments2024-02-26T11:30:05.072-08:00Comments on winterspeak.com: Why people don't like deficitswinterspeakhttp://www.blogger.com/profile/13611241702356475764noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-913439.post-83513922542937838022013-05-23T03:39:42.006-07:002013-05-23T03:39:42.006-07:00To be clear... I should have said "you are tr...To be clear... I should have said "you are trying to sell an argument that even economists do not understand -- to use your words." (I didn't mean your words are the prob!)<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-913439.post-63322783872139833482013-05-23T03:07:55.219-07:002013-05-23T03:07:55.219-07:00Winterspeak: "it's easy to make an analog...Winterspeak: "it's easy to make an analogy between an overly indebted family and an overly indebted nation."<br /><br />Yes. Truth and relevance aside, it is easy to understand that analogy. Therefore it is popular.<br /><br />By contrast: "Professional Economists are generally poorly versed in accounting, and so do not understand how the balance sheet of a currency issuer operates and is different from the balance sheet of a currency user."<br /><br />Truth and relevance aside, you are trying to sell an argument that even economists do not understand -- your words. <br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.com