tag:blogger.com,1999:blog-5713178645208582139.post5104027507186498941..comments2024-03-17T03:26:42.785-05:00Comments on Macro Musings Blog: Beckworth SmackdownDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5713178645208582139.post-27460014460100813142011-12-31T23:50:43.283-06:002011-12-31T23:50:43.283-06:00Actually I thought the figures Koo presents in the...Actually I thought the figures Koo presents in the paper on the assets side of balance sheet, figures 7 and 8, are a couple of most interesting in the paper. Essentially he shows that the goverment's creation of safe assets is responsible for nearly all of asset side growth in balance sheets.<br /><br />As far as I can tell the main difference between Koo and MMer's is the belief that OGTnoreply@blogger.com