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Ed Seedhouse
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Ed Seedhouse

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"...every pound someone borrows is a pound that someone else lends. This means that if one sector of the economy is a borrower, another must be a net lender - that is, its savings must exceed its investment."

And this means that if the private sector saves more than it spends then the public sector MUST be in deficit. Not because of policy, because of arithmetic!
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Have him in circles
22 people
Tina McInnes's profile photo
Davien Watkins's profile photo
James Hatch's profile photo
Ismene Daskarolis's profile photo
Curtis Johnson's profile photo
Jonathan Berry's profile photo
patty-anne Lea's profile photo
Zenon Garnett's profile photo
Michael Geoghegan's profile photo
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As little as possible, but still far too much,
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Recent convert to Pastafarianism, worshiper of the one true God, the Flying Cookie Monster.
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Beware: I have Irony and know how to use it.
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Guilty of occasionally thinking for himself, and therefore a dangerous man.
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