Explaining Richard Koo to Paul Krugman, to Austrian Economists and the SNB #Balance Sheet Recession<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"George Dorgan writes: ….Prof. Steve Keen\u2019s and Richard Koo\u2019s recipe is to increase public debt, when the private sector is de-leveraging and to reduce public debt when the private sector is leveraging. According to Keen, the Americans are currently doing the complete opposite of what they should do. They should continue reducing private liabilities, but … <\/p>\n
Continue reading “Explaining Richard Koo to Paul Krugman | SNBCHF.com”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45,34],"tags":[289,952,2766,2808],"class_list":["post-10199","post","type-post","status-publish","format-standard","hentry","category-debt-deficits","category-us-canada-countries-regions","tag-austerity","tag-de-leveraging","tag-private-debt","tag-public-debt"],"yoast_head":"\nExplaining Richard Koo to Paul Krugman | SNBCHF.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Explaining Richard Koo to Paul Krugman | SNBCHF.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"George Dorgan writes: ….Prof. Steve Keen\u2019s and Richard Koo\u2019s recipe is to increase public debt, when the private sector is de-leveraging and to reduce public debt when the private sector is leveraging. 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Richard Koo explains how the private sector paying off debt leads to a rapid contraction in national income. INET interview with Richard Koo, Chief Economist at Nomura Research","rel":"","context":"In "Economic Theory"","block_context":{"text":"Economic Theory","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/economic-theory\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/Tt3KdH1uk-c\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1716,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/02\/five-challenges-facing-president-obama\/","url_meta":{"origin":10199,"position":1},"title":"Five Challenges facing President Obama","author":"ColinTwiggs","date":"November 2, 2011","format":false,"excerpt":"On his inauguration in 2009, Barack Obama inherited a massive headache from the GFC. With unemployment stubbornly above 9 percent, efforts to create new jobs have so far proved futile. Low interest rates from the Fed failed to stimulate new investment. Richard Koo coined the phrase balance-sheet recession to describe\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4476,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/30\/conversations-with-great-minds-paul-krugman-end-this-depression-now\/","url_meta":{"origin":10199,"position":2},"title":"Conversations with Great Minds – Paul Krugman – End This Depression Now","author":"Colin Twiggs","date":"May 30, 2012","format":false,"excerpt":"Thom Hartmann is joined by Nobel Prize winning economist Dr. Paul Krugman, professor of economics and current affairs at Princeton University and columnist on the New York Times. His new book is titled: End This Depression Now. Europe is in crisis mode. The United States could be headed off a\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/zv6LXGz6tAo\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":23764,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/01\/20\/us-federal-debt-dilemma\/","url_meta":{"origin":10199,"position":3},"title":"US federal debt dilemma","author":"Colin Twiggs","date":"January 20, 2021","format":false,"excerpt":"Paul Krugman has a simple solution to the US federal debt: We have been pointing out for while that the US Treasury is unlikely to ever repay the federal debt and instead will rely on inflation to lift GDP (and tax revenues). Krugman overlooks one significant problem, however. Federal debt\u2026","rel":"","context":"In "Debt & Deficit Spending"","block_context":{"text":"Debt & Deficit Spending","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/debt-deficits\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10850,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/09\/09\/richard-koo-revitalizing-the-eurozone-without-fiscal-union-april-2012\/","url_meta":{"origin":10199,"position":4},"title":"Richard Koo: Revitalizing the Eurozone without Fiscal Union, April 2012","author":"ColinTwiggs","date":"September 9, 2014","format":false,"excerpt":"Richard Koo in a 2012 paper identifies 3 challenges facing the eurozone: The current crisis in the eurozone consists essentially of two macroeconomic problems and one capital flow problem. The first macro problem is profligate government spending, as exemplified by Greece. In such cases austerity is required: the government must\u2026","rel":"","context":"In "Debt & Deficit Spending"","block_context":{"text":"Debt & Deficit Spending","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/debt-deficits\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3188,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/20\/the-path-to-recovery-how-to-bring-the-debt-binge-under-control\/","url_meta":{"origin":10199,"position":5},"title":"The path to recovery: how to bring the debt binge under control","author":"ColinTwiggs","date":"December 20, 2011","format":false,"excerpt":"The debt binge since 1975, fueled by an easy-money policy from the Fed, has landed the US economy in serious difficulties. Wall Street no doubt lobbied hard for debt expansion, because of the boost to interest margins, with little thought as to their own vulnerability. There can be no justification\u2026","rel":"","context":"In "Debt & Deficit Spending"","block_context":{"text":"Debt & Deficit Spending","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/debt-deficits\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/10199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=10199"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/10199\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=10199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=10199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=10199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}