http://www.arnoldkling.com/blog/provocative-sentences-3/ taking the most charitable view of those who disagree Mon, 21 Dec 2020 14:00:34 +0000 hourly 1 https://wordpress.org/?v=4.0.32 http://www.arnoldkling.com/blog/provocative-sentences-3/#comment-459714 Tue, 14 Jul 2015 00:38:10 +0000 http://www.arnoldkling.com/blog/?p=5437#comment-459714 Forgive me for being a lazy commenter, but I have limited time. Am I to read this as a criticism of our common practice of talking about supply and demand without talking about entrepreneurship? Hamlet without the prince, so to speak?

]]> http://www.arnoldkling.com/blog/provocative-sentences-3/#comment-459668 Sun, 12 Jul 2015 15:25:35 +0000 http://www.arnoldkling.com/blog/?p=5437#comment-459668 Kates seems to ignore the role of money, and of the intermediation involved in ‘saving’ becoming ‘investment’, to the substantial detriment of his overall argument. It’s not unreasonable that he might be correct when taking the long view, when aggregated and averaged over a period of years, but this conceals an enormous amount of economic activity and decision-making. You can take money out of an economic model, theory, or argument, but you’ll have far less success taking money and its effects out of the real world.

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