Comments for GDP Accounting and the Euro Crisis at http://www.cepr.net , comment 1 to 2 out of 2 comments http://www.cepr.net Mon, 20 May 2013 07:08:23 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/gdp-accounting-and-the-euro-crisis/#comment-695 Dean, Could you please explain to me..."As a matter of accounting identity, net national saving is equal to the trade surplus." I always though of saving as what one does not spend. If we had no trade would we have no savings? - Phil Thu, 27 May 2010 04:20:49 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/gdp-accounting-and-the-euro-crisis/#comment-672 See Bubba, I told you how national savings works as explained by Bush when he said don't send furniture to Haitian earthquake victims, just send cash because they end up with way too much furniture as a surplus. Same here, if every country devalues it's a misfallacy of compositionals because they all end up with a domestic surplus of unwanted furniture due to the housing bubble caused by Clinton. If we devalue the dollar or increase the deficit we can't even buy our own furniture the same way employees of Henry Ford could buy the cars they made. Stupid liberals. - izzatzo Wed, 26 May 2010 02:00:39 +0100