if Aggregate Demand is the Combined demand for Good and services from the Private and public sectors of the economy.
What is the relationship between Monetary Demand? and Aggregate demand?
Expectations and Confidence have an effect on Aggregate demand vis the propensity for private households and firms to save for a rainy day or to Spend in expectation of That the good times will continue to roll.
I know you are trying to start from brass tacks John but I do think that the Godley, Sectoral balances approach as described by David Graeber and Steve Keen and captured in the MMT Accounting Identity is More than persuasive, it is actually axiomatic.
Heres a Link to Steve keens exchange with Bill Mitchell on Trade deficits, it is on Policy questions which I find a lot to argue with the MMT’ers and Green
new dealers on I find them to be unreconstructed Stalinists and advocates for the gulag to boot.
I will watch the rest of this series with interest.
Morbyn’s, Speech had just begun and Bunto, Rog and Darsus had enjoyed the spa in the Glamping Yurts. Bunto was complaining about the soreness in his Nether regions following his regular Sack Back and Cracking. He had taken up the smooth path having seen the Richard and Judy feature on television
Bunto shoved off discreetly he had his eye on the VIP Glory Hole where discretely one could be Anally ravished by strangers.
Meanwhile, outside of the Pyramid stage, Mot Swatson the deputy of the Popular Workers Party, who Morbyn lead; was similarly tempted away from his great leader’s oratory to guess where? The Same Glory Hole. Of course, with his politics, he believed it was greater to Give than to receive and Bunto accustomed to Silver Spooning all his life was a polar opposite.
Hence we are confronted with two Machiavellian political enemies Giving and receiving in the best traditions of philanthropic fluid exchange and charity, Anonymously.
“Give me the Radish, Give be the Bread Dildo give me more Cock, Harder Harder” cried Bunto as Swatson braced for another thrust into the more Eloquent end of the Tory politician.