| November 16 2020 | Modern Money Theory: Week 2 | Back Next |
Your income | x
| x x
| x x x x
| x x x x x
| x x x x x
------------------------------------
| y y y y y Year
| y y y y y
| y y y y
| y y
My spending | y
If one sector is running a surplus, at least one of other sectors must run a deficit
Changes in sector balances sum to 0
| Home Last TOC | Copyright © 2020 James E Keenan | Back Next |