tag:blogger.com,1999:blog-2277215496195926573.post8598600531135947479..comments2024-01-01T07:41:51.347-08:00Comments on RALPHONOMICS: The sectoral balance equation again.Ralph Musgravehttp://www.blogger.com/profile/09443857766263185665noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2277215496195926573.post-72941502604423426502012-03-02T01:22:33.180-08:002012-03-02T01:22:33.180-08:00Time is short on a morning. Kids to get to school ...Time is short on a morning. Kids to get to school ;)NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-34332643453408005342012-03-02T00:49:14.083-08:002012-03-02T00:49:14.083-08:00Gordon Bennet – that was quick, Neil. Between putt...Gordon Bennet – that was quick, Neil. Between putting that post online and you making a comment, I didn’t even have time to have a cup of coffee. In fact the poor old “Blogger” system I use didn’t have time to get your comment onto this comment section: I learned about your comment via email.Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-55358695080021482382012-03-02T00:36:06.414-08:002012-03-02T00:36:06.414-08:00You scrub I from the equation by making everything...You scrub I from the equation by making everything consumption.<br /><br />'I' is just accounting capitalisation. It is pure opinion on whether things should be seen as consumed over multiple accounting periods.<br /><br />Shift your accounting period to a week and most consumption becomes 'I' - which then naturally increases Gross Saving.<br /><br />So its really a load of rubbish.<br /><br />What we need is a classic 'cash flow statement' for the macro economy.<br /><br />Cash is fact, accounts are opinionNeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.com