Economics as if wealth mattered
Platform | Substack | Pricing | Only free issues | Publishes | Weekly |
---|---|---|---|---|---|
Issues | 32 | Subscribers | Read | wealtheconomics.substack.com |
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You’re looking at your asset portfolio and decide to sell or buy some ETF shares. Click.
This post by Judd Legum at Popular Information (read and subscribe!) prompts me to revisit the issue of share buybacks. This passage in particular:
I ended my last post with an apparent conundrum: “One person’s spending is another person’s income.” It seems to imply that spending and income must be equal. And since saving equals income minus spending, saving must be…zero? That’s obviou...
This article was first published on Cameron Murray’s great Fresh Economic Thinking. It’s slightly revised here.
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National-accounting nerd and full-throated, progressive economic populist. Seize the wealth and income. wealtheconomics.substack.com
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