Re: Re: Re: Re: Concerning Wynne Godley

[Doyle Saylor]

Greetings Economists,
    C. Gregory writes,

Christian Gregory
I get that.

Doyle
In reference to what Michael Perelman was writing about bonds being
withdrawn as debt is paid off.  C. Gregory continues,

Christian Gregory,
I don't get why the disappearance of those assets automatically
means that the wealth once held in them becomes a liability. Is it assumed
that turning treasuries into cash amounts to a debit or
consumption/investment?

Doyle
Money in bonds increases.  Money held in the hand is spent.
thanks,
Doyle