Jurriaan Bendien wrote:
> it is quite easy to show that if asset values are revalued upwards in
> response to demand growth, they create completely new and additional claims
> to income, which are not a zero-sum game, in the first instance if you
> understand that those claims can claim foreign wealth. They represent an
> expansion of the domestic market, and this very expansion generates new
> incomes.
Could you please construct a numerical example.
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Received on Tue Oct 27 07:59:25 2009
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