tag:blogger.com,1999:blog-3701265689426050710.post5791694388535010424..comments2013-07-11T09:14:08.514-07:00Comments on What's Wrong With Economics: Michael Hudson: How Financialization Makes You PoorerBruce Wilderhttp://www.blogger.com/profile/09631065564839959376noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3701265689426050710.post-76586395725564167392013-01-08T09:57:32.683-08:002013-01-08T09:57:32.683-08:00I came over here from Crookedtimber, having found ...I came over here from Crookedtimber, having found your comments there interesting. I like what I see here, as well. Anyway: I have a couple questions: (i) In this post, you quote Hudson: "The problem is that income used to pay debts cannot simultaneously be used to buy the goods and services that labor produces." I have heard this line of thought before and always wonder: But won't this money get spent anyway on goods and services labor produces -- if not by the debtor, then either by the creditor or those to whom the creditor loans the newly repaid money? Does the macro-economic situation depend on *who* spends? (ii) Can you recommend some particularly useful readings on the function of money?Anonymousnoreply@blogger.com