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Saturday, July 26, 2014

No. 000058 Economists affiliated with the University of Missouri Kansas City

This is going to a be a "shoe box" post, developed over time.

Several economists with the University of Missouri Kansas City ask important questions and make important arguments especially regarding Money, Banking, Finance and the Federal Debt and Deficit.

The Missouri reader should know of their interests and contributions and, if any offers insights applicable to the theme of this blog, I will do my best to note them.

In no particular order:

Michael Hudson

L. Randall Wray

William K. Black

Stephanie Kelton

I believe it fair to say that all share a common, counter-intuitive insight: Savings do not and cannot generate productive business investment; is is the other way around: investments generate savings.

In fact, if lawyers could write perfect contracts of future performance that were freely assignable an economy would require no capital for future earnings would pay for present "investment."