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  • About
  • Knowledge Centre
    • Economic Growth and the Business Cycle
    • Monetary Policy and Inflation
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Tag Archives: consumption

Understanding Aggregate Demand: The Last Refuge Of An Economist

Economic Growth and the Business CycleBy Stuart AllsoppJanuary 28, 2021Leave a comment

Mainstream economists use the word demand as a stop gap in lieu of a more detailed understanding of the dynamics driving increases and decreases in output. While individual consumer preferences determine which goods are produced, how much consumers are willing and able to spend has virtually no impact on economic output as a whole. Rather…

The Difference Between Saving and Hoarding

Monetary Policy and InflationBy Clinton D.SOctober 1, 2018Leave a comment

Intro: From an individual perspective, saving and hoarding can appear to be the same thing, but for the economy as a whole they are very different. Hoarding is the increase in willingness to hold money as a store of value. Saving is a measure of real resources in the economy that are used in the…

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