Final Response: Andrew Smithers’ Challenge to Lance Taylor’s Global Savings Glut Paper
A debate between Lance Taylor and Andrew Smithers on the alleged “global savings glut.” Smithers responds to Taylor’s INET working paper, to which Taylor then offers a rebuttal. A second round of the debate is now included as well.
Paper
Germany and China Have Savings Gluts, the USA Is a Sump: So What?
An alternative look at the “global savings glut”