Comment 34630

By A Smith (anonymous) | Posted October 08, 2009 at 18:08:45

JonC >> There is no modification to GDP based on source of funds, which I explained last time, but of course, you didn't pay attention to things that counter your world view.

This is what you said initially...

>> By JonC (registered)
Posted 9/5/2009 1:44:04 PM

Even in Smith's stupid case. If the GDP is the same whether the money is borrowed or from savings. Which is the whole point I was making. Borrowing increases GDP.

You say very clearly here, "Borrowing increases GDP."

Do you stand by this original statement, or do you believe that debt has nothing to do with how fast GDP grows?

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