Funding acquisitions could also push supply to record levels.
Funding acquisitions could also push supply to record levels. Immediately we can begin seeing some implied problems. Below is a graphic showing what happened in the past when we paid the debt down. Points off the curve represent disequilibrium points.
Last week I promised to post a picture of Adam Smith’s alma mater, the University of Glasgow in Scotland—if I could get a good shot. Janis Karpinski treatment from the baseball war room. Thus, all this is captured in the money-market diagram alone. Furthermore, note that any changes in any of the autonomous terms e. As long as the deficit remains, this will happen every period. Alan Reynolds explains it in detail here, in case you haven’t seen his June 22 article yet.